- OUSG tokenized US Treasuries fund by Ondo Finance is now live on the XRP Ledger through RLUSD stablecoin.
- XRPL’s support for tokenization and compliance tools is attracting institutional DeFi integrations like Ondo and Guggenheim.
- Despite major announcements, XRP price remains flat, signaling a disconnect between ecosystem growth and market value.
Ondo Finance has launched its tokenized short-term US Treasuries fund, OUSG, on the XRP Ledger. The launch, announced by Ripple, brings 24/7 institutional access to real-world assets through the RLUSD stablecoin. The development is part of a broader strategy by Ripple to expand tokenization use cases across the XRP Ledger.
Ripple made note of the fact that XRPL includes native tokenization support, a decentralized exchange, and enterprise-ready capabilities like decentralized identifiers. This set of features renders the platform a comprehensive asset management solutions.
Ripple announced the integration in a statement and a post on social media, which is considered to be an important milestone in bringing decentralized finance and traditional financial products closer together.
Strategic Momentum for XRPL Tokenization
The integration follows Ripple’s recent alliance with Guggenheim Partners, aiming to bring another US Treasury-backed asset to the ledger. The back-to-back partnerships reflect XRP Ledger’s increasing relevance in real-world asset tokenization and institutional finance.
Ondo Finance currently has over $1.3 billion in total value locked, with the OUSG fund accounting for $670 million. The new integration aligns with Ondo’s January announcement that it would bring its tokenized Treasury product to XRPL by mid-2025. This move has now materialized, offering advanced cash management tools to institutions through decentralized platforms.
ONDO Token Responds to Market Activity
The ONDO token, associated with the Ondo platform, recorded a price increase of over 3 percent following the announcement. It reached $0.8945 with trading volume rising to $131.73 million, indicating strong investor interest.
However, with several high-profile advances surrounding XRPL, such as the Ondo and Guggenheim partnerships, the XRP token has failed to take off significantly. According to the most recent data, XRP is being sold at 2,28 dollars, which is a minor decrease of 0.3%.