Ondo Finance officially launched its flagship US cash flow product, Treasury of the short -term American government (Ousg), on the Ledger XRP (XRPL). With this launch, institutional investors on XRPL can now access Ousg, paying short -term American treasury bills thanks to a fully tokenized offer based on blockchain.
“By bringing the OSG to XRPL, Ondo Finance brings assets of institutional quality directly to institutions, giving access to high -quality tokenized assets as flexible treasury management tools,” said Ondo.
Ousg makes his debut on XRPL with solid support
Ousg launches on XRPL with an impressive 30 million dollars of total locked value (TVL). This decision not only expands the multi -chaînes scope of the Ousg, which already includes Ethereum and Solana – but also positions more XRPL as a center for institutional quality financing solutions. The integration XRPL allows an intraday regulation and immediate access to liquidity, by approaching long -standing ineffectiveness in traditional finance.
With more than $ 1.3 billion on TVL, Ondo Finance has established himself as a leader in RWA tokenization. OUSG alone has more than $ 690 million and was the first tokenized security to obtain significant adoption. Its portfolio includes funds managed by financial heavy goods vehicles like Blackrock, Franklin Templeton, Wisdomtree and Fundbridge Capital.
“Bringing Ousg to XRPL with Rlusd because a settlement option is expanding access to high -quality financial instruments. He reflects our commitment to bend traditional finances and DEFI in a reliable manner,” added Ian de Bode, head of strategy at Ondo Finance, added.
XRP, the drop in Ondo prices
The overall feeling of the market has become red in the last 24 hours. XRP fell by 1% and Ondo recorded a drop of 2.5% and is negotiated at $ 0.86. XRP is currently negotiated at $ 2.25.
