Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand the offering for institutions, the companies said Tuesday.
The EE. UU. UU. RLUSD STABLOIN DAY. The deployment is expected to pass live inside within within the next six months, said Ondo Finance in a blog post.
The two waves, the corporate progression was strongly connected to the Giant XRP electronic book, and Ondo Finance made investments in seeds in the token in the giant electronic book of XRP for the initial liquidity. They revealed the length of the assignments.
Ondo, Ando Finance’s governance token, is higher by 4% in news.
Tokenization of real-world assets (RWA) is a rapidly growing industry that involves representing traditional finance assets such as bonds, credit and funds on a blockchain. Participants do so in pursuit of faster settlements and increased efficiency compared with traditional banking plumbing.
The tokenized versions of the US Treasury notes have led the trend and have quadrupled more than in the year beyond the year to an elegance of assets of $ 3. 5 billion, according to the data rwa. xyz.
“The 24/7 intraday settlement enabled by tokenized assets like OUSG marks a transformative shift in capital flow management, breaking free from traditional trading hours and slow settlements,” Markus Infanger, a senior vice president of RippleX, an XRP Ledger development firm, said in a statement. “These low-risk, high-quality liquidity options not only provide better accessibility for investors but also introduce greater stability to blockchain-based markets.
OUSG follows OpenEden’s TBILL as the second tokenized treasury product available on XRP Ledger. OUSG previously was available on Ethereum, Polygon and Solana.
Update (January 28, 2:00 pm UTC): Adds Ando Prix Advance in press to the fourth paragraph.