XRP Ledger Just Absorbed Ondo Finance’s $693M Tokenized Treasury Bomb—Game On

Boom. The XRP Ledger just got a heavyweight injection—Ondo Finance’s $693M tokenized US Treasury vault is now on-chain. TradFi’s paper promises just got digitized, whether they like it or not.

Why This Matters

Forget ‘stablecoins pegged to dollars’—this is the real deal: actual US Treasury bonds, sliced into blockchain-friendly tokens. No middlemen, no banks—just code and collateral. And XRP Ledger? It’s now hosting the party.

The Fine Print

Ondo’s move isn’t just a flex—it’s a direct challenge to legacy finance’s sluggish settlement systems. Tokenized Treasuries? They’re the Trojan horse for institutional adoption. XRP’s speed and low fees just made it the prime real estate for the next wave of ‘boring, but critical’ DeFi infrastructure.

Bottom Line

Wall Street’s ‘blockchain experiments’ still can’t crack $100M deployments. Meanwhile, crypto-native projects like Ondo casually drop $693M like it’s Tuesday. The irony? The ‘risky’ crypto ecosystem is now safeguarding Uncle Sam’s debt—better than some banks did in 2008.

According to the announcement, Qualified Purchasers can now conveniently access the U.S. Treasuries 24/7 with RLUSD, Ripple’s enterprise-grade stablecoin. Users can mint or redeem OUSG fast, without having to wait for conventional banking hours.

This launch is important because it uses Ripple’s RLUSD stablecoin. It lets institutional users mint and redeem tokens anytime, making it easier to manage cash and access funds smoothly. The token gives investors exposure to U.S. Treasuries and offers steady yield by investing in a mix of respected institutional funds.

OUSG debuted on XRP Ledger with $30 million of locked-in total value locked (TVL). The action also underscores RLUSD’s increasing use case beyond settlement. It is now the primary gateway to real-world financial products, enabling institutions to gain access to tokenized treasury solutions with faster and more flexible timing.

“Bringing OUSG to XRPL with RLUSD as a settlement choice expands access to high-quality, onchain financial instruments,” said De Bode, Chief Strategy Officer at Ondo Finance.

Ondo Finance leads the way with tokenization of 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 backed by numerous blockchains, including Ethereum, Solana, and now XRPL. Its portfolio includes leading funds including BlackRock’s BUIDL and Franklin Templeton’s FOBXX, showing a solid backstop.

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