Ondo Finance to expand tokenized fund OUSG to the XRP Ledger

Ondo Finance plans to extend its US Treasuries Fund tokenized tokenized, the U.S. Treasury Fund in the short -term Ondo, with the Ripple layer 1 blockchain, XRP Ledger

Founders’ funds and Ondo funding on the back of the Pantera capital announcement On January 28, he expects Ousg Tol to be posted on XRP Ledger in the next six months. Finance Ondo (Ondo) is in partnership with XRP (Xrp) Ripple designer to bring the product of institutional quality to XRPL.

According to Ondo, the expansion aims to strengthen the institutional adoption of decentralized financial products focused on compliance. The initiative targets investors in search of DEFI yields while benefiting from tokenization and composibility.

Ousg is supported by the US Treasuries Fund de Blackrock, the USD Institutional Digital Liquidity Fund (BUIDL).

“By bringing the Ousg to XRPL, Ondo Finance directly provides institutional quality assets, offering wide accessibility to onchain and modifying the way in which institutions interact with token workers as flexible treasure management tools” , wrote Ondo in a blog article.

Ripple and Ondo Finance would have obtained commitments to sow the liquidity of the Tokenized Fund at the launch. The objective is to take advantage of this liquidity to accelerate tokenization and the adoption of real assets (RWAS) in the XRPL ecosystem.

The 24/7 support for the strike and redemption of the Ousg will help this effort more, noted the Ondo team. Ripple also plans to integrate its stable Rlusd with Ousg on XRP Ledger, allowing interoperability and instant buyout.

Growing market for token rwas

Tokenized active assets have experienced significant growth in the past year, with major issuers like Blackrock, Franklin Templeton and Hashnote playing a key role. Ondo products are added to a market that currently amounts to more than $ 3.5 billion.

Ondo’s decision to bring the Ousg to the Ripple ecosystem occurs a few months after Ripple announced its intention to allocate up to $ 10 million in US Treasury Bon voyage on XRPL. Ripple has also collaborated With Opendeden, a tokenization platform based in Asia Leader, to deploy Tbill tokens on the large XRP book.