Ondo Finance Launches Its OUSG Token on XRP Ledger (XRPL)

This is a large move by ONDO in the integration of traditional finance and blockchain technology. According to the announcement, Qualified Purchasers can now conveniently access the U.S.

Ondo Finance, a decentralized finance (''protocol, has brought its Ondo Short-Term U.S. Government Treasuries (OUSG) to the XRP Ledger (XRPL).

Ondo Finance, a decentralized finance (''protocol, has brought its Ondo Short-Term U.S. Government Treasuries (OUSG) to the XRP Ledger (XRPL).

This launch marks a significant step in integrating traditional finance into blockchain technology.

As disclosed in a recent press release, Qualified Purchasers can now seamlessly access U.S. Treasuries 24/7 with RLUSD, Ripple's enterprise-grade stablecoin.

As disclosed in a recent press release, Qualified Purchasers can now seamlessly access U.S. Treasuries 24/7 with RLUSD, Ripple's enterprise-grade stablecoin.

Users can mint or redeem OUSG at any time, eliminating the need to wait for conventional banking hours.

The introduction of OUSG on XRPL is noteworthy for its utilization of Ripple's RLUSD stablecoin. This integration enables institutional users to mint and redeem tokens at their convenience, facilitating efficient cash management and providing seamless access to funds.

The introduction of OUSG on XRPL is noteworthy for its utilization of Ripple's RLUSD stablecoin. This integration enables institutional users to mint and redeem tokens at their convenience, facilitating efficient cash management and providing seamless access to funds.

The token grants investors exposure to U.S. Treasuries and offers consistent yield through investments in a diversified portfolio of respected institutional funds.

At its launch on XRP Ledger, OUSG has already secured $30 million in total value locked (TVL).

At its launch on XRP Ledger, OUSG has already secured $30 million in total value locked (TVL).

This deployment also highlights the expanding use cases of RLUSD beyond settlement. It now serves as the primary gateway for accessing real-world financial products, allowing institutions to participate in tokenized treasury solutions with increased speed and flexibility.

"We are excited to bring OUSG to XRPL with RLUSD as a settlement choice, expanding access to high-quality, onchain financial instruments," said Frederik De Bode, Chief Strategy Officer at Ondo Finance.

Ondo Finance is a pioneer in tokenizing real-world assets, with over $1.3 billion in total value locked (TVL). OUSG is already a best-sized tokenized Treasury product, with over $690 million in total value locked (TVL).

It is supported by multiple blockchains, including Ethereum, Solana, and now XRPL. The product is backed by a diverse portfolio of leading funds, such as BlackRock's BUIDL and Franklin Templeton's FOBXX, providing a robust backstop.