OUSG Token to Launch on XRP Ledger
Ondo Finance has announced the launch of its tokenized treasury product, Ondo Short-Term US Government Treasuries (OUSG), on the XRP Ledger.
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OUSG is a token backed by U.S. Treasury bonds and bank deposits, offering blockchain-based access to the yields of traditional securities. Users are expected to start issuing and trading OUSG using the RLUSD stablecoin within the next six months.
OUSG will become the second tokenized bond product on the XRP Ledger ecosystem, following OpenEden's TBILL. Ripple’s founders have already contributed funds to provide initial liquidity for the token. Currently, OUSG is available on Ethereum, Polygon, and Solana, with a market capitalization of $185 million.
The 24/7 intraday settlement enabled by tokenized assets like OUSG marks a transformative shift in capital flow management, breaking free from traditional trading hours and slow settlements,
said Markus Infanger, a senior vice president of RippleX.
Tokenized U.S. Treasury bonds are already gaining traction in the market, with a total capitalization exceeding $3.5 billion. Their growing popularity is attributed to 24/7 settlements, fast transactions, and the ability to use tokens as collateral for loans on specialized platforms.
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