{"id":31324,"date":"2025-06-11T13:17:56","date_gmt":"2025-06-11T13:17:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31324"},"modified":"2025-06-11T13:17:56","modified_gmt":"2025-06-11T13:17:56","slug":"ondo-finance-debuts-693m-treasury-token-on-xrp-ledger-amid-soaring-rwa-trend","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31324","title":{"rendered":"Ondo Finance Debuts $693M Treasury Token on XRP Ledger Amid Soaring RWA Trend"},"content":{"rendered":"<div>\n<p>Tokenization platform Ondo Finance ONDO has debuted its flagship U.S. treasury-backed token on XRP Ledger (XRPL), giving institutional investors new tools to manage cash on the blockchain.<\/p>\n<p>Qualified purchasers can mint and redeem Ondo Short-Term U.S. Government Treasuries (OUSG) tokens around the clock using Ripple\u2019s U.S. dollar stablecoin RLUSD, the press release said. Initial supply of the token on XRPL is $30 million to ensure liquidity, the firms said.<\/p>\n<p>&#8220;This integration strengthens our commitment to providing reliable and composable infrastructure at the intersection of traditional finance and DeFi,&#8221; Ian De Bode, chief strategy officer at Ondo Finance, said in a statement.<\/p>\n<p>The expansion follows Ondo&#8217;s announcement in January, targeting to go live in six months, CoinDesk <a href=\"https:\/\/www.coindesk.com\/business\/2025\/01\/28\/ondo-finance-s-usd185m-tokenized-u-s-treasury-offering-joins-the-xrp-ledger\">reported<\/a> then.<\/p>\n<p>Tokenized Treasuries have spearheaded the rapidly growing real-world asset trend, which is bringing traditional financial instruments like bonds, funds and real estate onto blockchain rails. The market value of tokenized U.S. Treasuries mushroomed to $7.2 billion, up from $1.7 billion a year ago, according to <a href=\"http:\/\/rwa.xyz\/\">rwa.xyz<\/a>.<\/p>\n<p>These products allow investors to park idle cash without leaving blockchain rails to earn a steady yield that&#8217;s independent from crypto markets, similar to a money market fund. Increasingly, they are also used as reserve assets for decentralized finance (DeFi) protocols and as collateral in trading and asset management.<\/p>\n<p>OUSG with $693 million supply is the third largest of its kind following BlackRock&#8217;s BUIDL and Franklin Templeton&#8217;s BENJI, per <a href=\"https:\/\/app.rwa.xyz\/treasuries\">rwa.xyz<\/a> data.<\/p>\n<p>The new offering also fits into XRP Ledger&#8217;s growing ambition to position itself as a hub for tokenized assets. This week, Guggenheim Treasury Services <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/10\/guggenheim-treasury-services-taps-zeconomy-to-issue-digital-commercial-paper-on-the-xrp-ledger\">said<\/a> it will issue Digital Commercial Paper on the network, while Dubai <a href=\"https:\/\/www.coindesk.com\/business\/2025\/05\/26\/dubai-unveils-real-estate-tokenization-platform-on-xrp-ledger-amid-usd16b-initiative\">announced<\/a> last month a tokenized real estate platform developed on XRPL as part of its $16 billion property tokenization goal.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/opinion\/2025\/02\/07\/rwa-tokenization-is-going-to-trillions-much-faster-than-you-think\">RWA Tokenization Is Going to Trillions Much Faster Than You Think<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tokenization platform Ondo Finance ONDO has debuted its flagship U.S. treasury-backed token on XRP Ledger (XRPL), giving institutional investors new tools to manage cash on the blockchain. Qualified purchasers can mint and redeem Ondo Short-Term U.S. Government Treasuries (OUSG) tokens around the clock using Ripple\u2019s U.S. dollar stablecoin RLUSD, the press release said. Initial supply [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31324","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31324"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31324\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}