Ondo Finance taps XRP Ledger to host its tokenized U.S. Treasuries market

Ondo Finance brings tokenized U.S. Treasuries to XRP Ledger through the OUSG product launch. The integration provides institutional access to $670 million in Treasury products using the RLUSD stablecoin.

Qualified purchasers can now mint and redeem tokenized Treasuries around the clock. The deployment marks a concrete step toward BCG’s projected $19 trillion tokenization market.

Ondo Finance expands OUSG Treasury access to XRP Ledger

Ondo Finance successfully deployed its Ondo Short-Term U.S. Government Treasuries (OUSG) product on XRP Ledger and has expanded institutional access to tokenized Treasury assets.

As per the press release, the company maintains over $1.3 billion in total value locked across its platforms, and OUSG accounts for more than $670 million as one of the largest tokenized Treasury products available.

OUSG achieved the distinction of being the first tokenized security to reach material adoption levels, competing alongside offerings from BlackRock and Franklin Templeton in the institutional treasury space. The XRP Ledger integration allows qualified purchasers to subscribe and redeem OUSG tokens easily using RLUSD as the settlement asset.

The deployment eliminates traditional banking hour restrictions and legacy financial rail friction that typically constrain Treasury operations. Qualified purchasers and institutions can now convert between OUSG and RLUSD around the clock. This creates a capital-efficient settlement and liquidity model for Treasury management.

Ripple and Ondo Finance provide liquidity commitments to ensure strong initial momentum for the product launch. RLUSD serves as the bridge asset connecting Treasury operations with broader cross-market utility.

XRP Ledger infrastructure supports enterprise-grade tokenized finance

XRP Ledger’s architecture provides purpose-built infrastructure for institutional DeFi applications through native tokenization support and built-in decentralized exchange functionality. The platform offers enterprise-ready features, including Decentralized Identifiers (DIDs) that create compliance-first infrastructure required by institutional participants.

According to Boston Consulting Group’s tokenization report, meaningful adoption occurs with low-risk, high-utility assets like Treasuries when paired with scalable infrastructure and compliant on/off ramps. XRPL delivers these requirements through low transaction fees, fast settlement finality, and comprehensive institutional tooling.

The platform’s expanding feature set includes upcoming Multi-Purpose Tokens (MPTs) support, lending protocol integration, and Permissioned Domains functionality. These capabilities address institutional needs for controlled access and regulatory compliance while maintaining blockchain transparency and efficiency.

XRPL’s native DEX functionality allows direct trading between tokenized assets without requiring external exchanges or intermediaries. This integrated approach reduces operational complexity for institutions managing multiple asset types and trading strategies.

The combination of technical infrastructure and compliance features positions XRPL as a destination for institutional-grade tokenized finance. Treasury products like OUSG benefit from the platform’s 24/7 availability, programmable asset capabilities, and interoperability with other onchain financial instruments and also maintain required institutional safeguards and access controls.

Tokenized Treasuries market reaches $7 billion

The tokenized U.S. Treasuries market has surpassed $7 billion in total value locked, with Treasury products leading real-world asset tokenization adoption. These assets deliver capital efficiency improvements and maintain programmability and interoperability with on-chain finance infrastructure.

For institutions managing liquidity, collateral, and cash flow across multiple jurisdictions, tokenized Treasuries address traditional capital market inefficiencies. Legacy systems often create fragmented settlement cycles and require substantial idle cash buffers that reduce operational efficiency.

OUSG’s XRP Ledger deployment allows firms and investors to achieve near-instant fund redeployment with round-the-clock access. This operational model removes traditional banking hour constraints and reduces settlement friction.

The broader tokenization market targets $19 trillion by 2033, according to Ripple and Boston Consulting Group projections. Treasury products continue showing strong product-market fit as institutions seek yield-bearing assets with blockchain programmability.

Asset tokenization transforms static holdings into dynamic, programmable financial tools that integrate with decentralized finance protocols. The combination of trusted government backing, regulatory compliance, and blockchain efficiency creates institutional adoption catalysts.

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