XRP Ledger Welcomes OpenEden’s Tokenized US Treasury Payments; Ripple Invests $10M

• OpenEden strikes to tokenize US Treasury payments on the XRP Ledger.
• Ripple invests $10 million in OpenEden’s tokenized T-bills.
• XRPL enhances its place in real-world asset tokenization.

As a major milestone for the XRP Ledger (XRPL), the tokenization platform OpenEden has launched tokenized U.S. Treasury payments (T-bills), or TBILL tokens, on the XRPL.

Ripple introduced this improvement by way of an official press assertion right this moment, noting it’s a vital step in direction of integrating conventional monetary property with blockchain know-how.

The tokenized T-bills, short-term U.S. authorities debt obligations backed by the Division of the Treasury, will probably be out there on the XRPL. OpenEden’s TBILL tokens are backed by investments in short-dated U.S. T-bills and reverse repurchase agreements collateralized by U.S. Treasuries. To make sure safety and regulatory compliance, OpenEden mandates stringent know-your-customer (KYC) and anti-money laundering (AML) screening for all members.

Ripple, a pacesetter in enterprise blockchain and crypto options, has dedicated $10 million to OpenEden’s TBILL tokens. This funding is a part of Ripple’s broader technique of all…

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