Ripple and Ondo Finance have taken a major step forward in blockchain finance. On June 11, Ripple reveal that Ondo Finance has started its tokenized U.S. government treasury product, called OUSG, on the XRP Ledger (XRPL). This marks the first time tokenized treasuries have gone live on XRPL, signaling a big move toward real-world finance on blockchain.

What Is OUSG?

OUSG stands for Ondo U.S. Government Treasuries. It’s a digital version of short-term U.S. treasury bonds, backed by assets from BlackRock’s BUIDL fund. This means the product is based on real government securities and is trusted by institutions. The token can now be created (minted) or removed (redeemed) directly on the XRP Ledger using Ripple’s RLUSD stablecoin.

By using blockchain, institutions can now access and manage U.S. treasuries around the clock — 24/7 — without the delays or limits of traditional systems. It makes trading government bonds much faster and more efficient.

Why It Matters

This start brings real-world assets (RWAs) to XRPL, showing how traditional finance and blockchain can work together. Ripple calls it a “new era” for on-chain finance, as tokenization is no longer just a future concept — it’s happening now.

According to RippleX, this start proves that real markets are ready for tokenized finance. Qualified buyers and institutions can now trade OUSG on XRPL, opening the door for broader financial tools to be built on the blockchain.

Ripple and Ondo Boost Liquidity

To help the product succeed, both Ripple and Ondo are adding liquidity to the system. This ensures that institutions can easily buy and sell OUSG tokens. The RLUSD stablecoin acts as a “bridge asset,” meaning it helps connect different types of markets and currencies. This makes transactions smooth and helps OUSG fit into a larger financial system.

Why XRPL?

The XRP Ledger has recently grown as a home for institutional finance. It offers fast transactions, low fees, and strong compliance measures. Ripple says these features make it ideal for tokenized assets like government bonds and commercial paper.

In fact, just one day before the OUSG start, Guggenheim Treasury Services — a branch of Guggenheim Capital — also started a product on XRPL. They introduced Digital Commercial Paper (DCP), further proving XRPL’s appeal for financial institutions.

Ondo Finance Leading the Charge

Ondo Finance is one of the top players in the real-world asset (RWA) tokenization space. The company already has over $1.3 billion locked in its ecosystem, showing strong demand for its products. OUSG is Ondo’s flagship product and has more than $670 million in total value locked (TVL).

With this XRPL start, Ondo is expanding to new blockchains and reaching new investors. The move helps push the idea of asset tokenization forward — turning traditional assets into programmable tools on-chain.

A recent report from Ripple and Boston Consulting Group predicts that tokenized assets could grow into a $19 trillion market by 2033. This suggests huge potential for companies like Ondo and Ripple, who are early movers in this space.

Ripple Sees Bright Future for Tokenized Finance

Markus Infanger, SVP of RippleX, called the start a turning point. He said, “Ondo’s OUSG going live on the XRPL demonstrates that tokenized finance is no longer theoretical — it’s maturing in real markets.” Ripple sees this as part of a larger trend where blockchain will play a central role in the financial systems of the future.

XRP Price Reacts

Following the news, XRP saw a slight price increase. The token is currently trading at $2.29, with a daily low of $2.27 and a high of $2.32. This small uptick reflects growing confidence in XRPL’s role in the future of finance.