Ondo Finance brings tokenized US Treasury fund on Ripple’s XRP Ledger

• Ondo Finance will launch its OUSG fund on the XRP Ledger.
• The partnership with Ripple expands accessibility to tokenized US Treasuries funds to institutional buyers.
• Ripple launched OpenEden’s TBILL on XRPL in August final yr.

Tokenized real-world property platform Ondo Finance is ready to carry its U.S. Treasury token OUSG to Ripple’s enterprise-focused community XRP Ledger.

Ondo Finance and Ripple shared the mixing information on Tuesday, Jan. 28.

The launch will broaden entry to tokenized US Treasuries to institutional buyers, with BUIDL-backed Ondo Quick-Time period U.S. Authorities Treasuries (OUSG) offering 24/7 minting and redemption through Ripple’s stablecoin RLUSD.

Ripple and @OndoFinance are bringing OUSG, tokenized U.S. Treasuries to the XRP Ledger.

With 24/7 minting & redemption utilizing RLUSD, unmatched liquidity, and institutional-grade safety, learn the way this partnership marks a significant step ahead for onchain RWAs.… pic.twitter.com/0T3mXGSxbW

— RippleX (@RippleXDev) January 28, 2025

Ondo’s enlargement of OUSG on XRPL follows Ripple’s RWA transfer that introduced OpenEden’s TBILL to the community in August 2024.

“This integration is the pure convergence of a compliance-first, yield-bearing product with a community purpose-built for institutional adoption, setting the groundwork for forward-thinking establishments to steer a brand new period of capital markets onchain,” Ondo Finance vice chairman of partnerships Katie Wheeler famous.

A $3.5 billion market

Ripple and Ondo Finance’s collaboration provides additional traction to the RWA and particularly, tokenized US Treasuries market. The sector has witnessed super progress previously yr, with the market now at $3.5 billion.

Ondo Finance’s OUSG presently has a market cap of over $185 million.

In the meantime, the platform’s different US Treasuries providing, the U.S. Greenback Yield has over $384 million in complete worth locked. Per rwa.xyz, BlackRock’s BUIDL and Franklin Templeton’s FOBXX are the highest two with over $600 million and $509 million respectively.

OpenEden’s TBILL, out there on XRPL, has a market cap of simply over $82 million.