Ripple Expands Its Tokenized Assets Offering by Bringing Ondo Finance's US Treasury Product to the XRP Ledger

The launch was announced on June 11 and is seen as a move to expand the reach of institutional-grade tokenized assets across the fast-rising blockchain network.

"Ondo Finance, a leading protocol for tokenized institutional-grade assets, has brought its flagship product, Ondo Short-Term US Government Treasuries (OUSG), to the XRP Ledger (XRPL).

The launch, which was announced on June 11, marks a significant step in expanding the reach of institutional-grade tokenized assets across the rapidly-growing blockchain network.

According to the statement, the integration will allow institutional investors to mint and redeem OUSG on XRPL using RLUSD, Ripple’s new stablecoin. This will provide an alternative to traditional finance rails by enabling rapid and 24/7 access for institutions to gain tokenized Treasury exposure.

At the same time, Ripple and Ondo will also be providing liquidity to ensure the product launches with strong trading activity on XRPL. RLUSD will serve as a key enabler for cross-network utility and settlement.

OUSG provides permissioned on-chain access to the yields of short-term US Treasury notes. It is a direct credit risk-free product with no buffer and is fully backed by U.S. government securities.

According to RWA. XYZ data, the platform is currently among the largest tokenized Treasury products in the world, with an estimated market value of about $692 million.

Following the announcement, Ondo’s native ONDO token saw a 4% price gain and was trading at around $0.90 at the time of writing, as per data from CryptoSlate.

XRPL’s tokenization efforts

The launch of OUSG on XRPL aligns with Ripple’s broader strategy to position the network as a competitive platform for tokenized real-world assets (RWAs).

Over the past year, Ripple has been engaging in partnerships, such as one with Guggenheim Partners, to facilitate tokenization initiatives on XRPL.

The firm’s initiative is fueled by forecasts that the tokenized asset market could reach $19 trillion by 2033. This is already evident in the rapid traction of tokenized treasury and money market products as asset managers like BlackRock explore new ways to modernize fund distribution and capital markets settlement.

As a result, the market is seeing broad adoption across the board. Markus Infanger, Senior Vice President at RippleX, stated:

“Institutions can now access high-quality assets like US treasuries on public blockchains, with the compliance and efficiency they need. This represents progress in bringing trusted financial assets into a 24/7 market—enabling greater liquidity, operational efficiency, and faster access to capital.”