#CryptoRoundTableRemarks
XRP Ledger receives tokenized US bonds worth $693 million from Ondo Finance
Details:
• Ondo Finance launched tokens representing US Treasury bonds (USTs) worth $693 million on the XRP Ledger network.
• This move is one of the largest transitions of traditional finance (TradFi) to the open blockchain.
• The process is facilitated through a tokenization protocol that allows for high-efficiency trading of real-world assets (RWAs) with low fees.
Why is this important?
• It enhances the credibility of the XRP Ledger as a robust infrastructure for tradable financial tokens.
• It may represent the beginning of a new wave of DeFi + TradFi convergence on alternative networks to Ethereum.
#XRPLedger #TokenizedBonds #OndoFinance #RWAs #DeFiIntegration
