Ondo Achieves New TVL Record of US$1.3 Billion While Collaborating with Ripple
Ondo Finance's (ONDO) partnership with Ripple brings the tokenization of U.S. Treasuries to the XRP Ledger, enabling access and redemption 24/7 using Ripple USD stablecoin (RLUSD).
This integration is supported by BUIDL funds from BlackRock, making Ondo a hub for institutional *Decentralized Finance* (DeFi) infrastructure.
*Total Value Locked* (TVL) for ONDO reaches a new all-time high of US$1.36 billion, up US$20 million from the previous achievement. Ondo's market capitalization touches US$2.82 billion with a daily trading volume of US$167 million.
Although direct revenue for token holders is still limited, the growth in TVL and the integration of XRPL demonstrate the success of Ondo's strategy in bringing real-world assets (RWA) to DeFi.