Ondo Finance Debuts $693M Treasury Token on XRP Ledger Amid Soaring RWA Trend

The tokenized treasury market has grown to $7.2 billion, with Ondo's OUSG token being one of the largest token following BlackRock's and Franklin Templeton's offerings. Tokenization platform Ondo Finance ONDO$0.89166 has debuted its flagship U.S. treasury-backed token on XRP Ledger (XRPL), giving institutional investors new tools to manage cash on the blockchain. Qualified purchasers can mint and redeem Ondo Short-Term U.S. Government Treasuries (OUSG) tokens around the clock using Ripple’s U.S. dollar stablecoin RLUSD, the press release said. Initial supply of the token on XRPL is $30 million to ensure liquidity, the firms said. "This integration strengthens our commitment to providing reliable and composable infrastructure at the intersection of traditional finance and DeFi," Ian De Bode, chief strategy officer at Ondo Finance, said in a statement. The expansion follows Ondo's announcement in January, targeting to go live in six months, CoinDesk reported then. Tokenized Treasuries have spearheaded the rapidly growing real-world asset trend, which is bringing traditional financial instruments like bonds, funds and real estate onto blockchain rails. The market value of tokenized U.S. Treasuries mushroomed to $7.2 billion, up from $1.7 billion a year ago, according to rwa.xyz. These products allow investors to park idle cash without leaving blockchain rails to earn a steady yield that's independent from crypto markets, similar to a money market fund. Increasingly, they are also used as reserve assets for decentralized finance (DeFi) protocols and as collateral in trading and asset management. OUSG with $693 million supply is the third largest of its kind following BlackRock's BUIDL and Franklin Templeton's BENJI, per rwa.xyz data. The new offering also fits into XRP Ledger's growing ambition to position itself as a hub for tokenized assets. This week, Guggenheim Treasury Services said it will issue Digital Commercial Paper on the network, while Dubai announced last month a tokenized real estate platform developed on XRPL as part of its $16 billion property tokenization goal. Read more: RWA Tokenization Is Going to Trillions Much Faster Than You Think Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH. https://www.coindesk.com/business/2025/06/11/ondo-finance-debuts-usd693m-treasury-token-on-xrp-ledger-amid-soaring-rwa-trend #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple