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Ondo Financetokenization US Treasury bonds will land on the XRP Ledger, supporting the exchange of RLUSD stablecoin
Tokenization product protocol Ondo Finance recently announced that its tokenized US Treasury bonds OUSG will be launched on the XRP Ledger, allowing investors to exchange through Ripple's RLUSD Stable Coin, further promoting the development of RWA market, symbolizing the accelerated adoption phase of blockchain.
(Asset management company Wellington joins hands with Standard Chartered and Ondo Finance to launch a Moody's Aa-rated on-chain fund)
OUSG coins can be exchanged for Ripple's RLUSD Stable Coin through tokenization
In yesterday's announcement, Ondo Finance stated that it plans to tokenize its OUSG US Treasury Fund on the XRP Ledger (XRPL), providing institutional investors with opportunities to invest in short-term government bonds, and allowing them to exchange with Ripple's RLUSD Stable Coin.
OUSG is expected to launch on the XRP Ledger within the next six months, and Ripple and Ondo will immediately provide liquidity after OUSG goes online to ensure that investors have sufficient trading depth and stability.
(Exploring Ripple's liquidity flywheel strategy: Can the new Stable Coin RLUSD replicate the success of XRP?)
Tokenization of US Treasury Bonds OUSG: Bridging Digital Assets and Traditional Finance
It is reported that OUSG token is Ondo Fina