Ripple Confirms ONDO’s OUSG Fund, Backed by BlackRock’s BUIDL, Is Live on XRP Ledger
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- ONDO Finance has launched a tokenized US Treasuries fund on the XRP Ledger.
- Institutional investors now have 24/7 access to real-world assets via RLUSD.
- BlackRock’s BUIDL fund backs ONDO Finance’s OUSG.
The XRP Ledger’s push into real-world asset (RWA) tokenization is gaining serious momentum, as the decentralized platform ONDO Finance has now officially launched its tokenized U.S. Treasuries fund, OUSG, on the network. The move, which follows a similar institutional partnership with Guggenheim, solidifies the XRPL’s growing status as a preferred hub for tokenized traditional finance.
According to reports, the latest development will allow institutional investors round-the-clock access to the trusted real-world asset via RLUSD. Hence, the novel technology has created a new frontier in digitized finance.
ONDO Brings Its BlackRock-Backed Treasuries to the XRP Ledger
Ripple confirmed the strategic collaboration with ONDO Finance in its latest post on X, highlighting that BlackRock’s BUIDL fund backs ONDO Finance’s OUSG. The fintech company confirmed the development as a new era for on-chain finance, noting that the tokenized asset is mintable and…
The post Ripple Confirms ONDO’s OUSG Fund, Backed by BlackRock’s BUIDL, Is Live on XRP Ledger appeared first on Coin Edition.
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