Ripple Partners with Ondo Finance to Bring Tokenized Treasury Bonds to the XRP Ledger
Ripple announced last week its partnership with Ondo Finance, a real-world asset issuer, to tokenize U.S. Treasury bonds on the XRP Ledger (XRPL).
Founded in 2021, Ondo Finance is a DeFi platform that seeks to democratize access to institutional financial products by tokenizing traditional assets.
Through this collaboration, institutional investors in XRPL will be able to access Ondo’s Short-Term Treasury Bond Fund (OUSG) 24/7 using RLUSD, Ripple’s stablecoin denominated in US dollars.
This rollout is expected to go live in the next six months.
The tokenized asset market is booming, driven by institutional demand for liquidity, efficiency, and transparency. It is estimated that this sector could reach 16 trillion dollars by 2030.
