Altcoins News
By Julie Binoche
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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.
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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.
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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.
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This start brings real-world assets (RWAs) to XRPL, showing how traditional finance and blockchain can work together.
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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…
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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.
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The XRP Ledger has recently grown as a home for institutional finance. It offers fast transactions, low fees, and strong compliance measures.
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In fact, just one day before the OUSG start, Guggenheim Treasury Services — a branch of Guggenheim Capital — also started a product on XRPL.
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Ondo Finance is one of the top players in the real-world asset (RWA) tokenization space. The company already has over $1.
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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…
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A recent report from Ripple and Boston Consulting Group predicts that tokenized assets could grow into a $19 trillion market by 2033.
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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 —…
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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.
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