Ondo Finance has officially launched its flagship tokenized US Treasury product, Ondo Short-Term US Government Treasuries (OUSG), on the XRP Ledger (XRPL). With this launch, institutional investors on XRPL can now access OUSG, gaining exposure to short-term US Treasuries through a fully tokenized, blockchain-based offering.
“By bringing OUSG to the XRPL, Ondo Finance is bringing institutional-grade assets directly to the institutions, providing access to high-quality tokenized assets as flexible treasury management tools,” ONDO said.
OUSG Debuts on XRPL with Strong Backing
OUSG launches on XRPL with an impressive $30 million in total value locked (TVL). This move not only expands OUSG’s multi-chain reach, which already includes Ethereum and Solana — but also further positions XRPL as a hub for institutional-grade finance solutions. The XRPL integration allows for intraday settlement and immediate access to liquidity, addressing long-standing inefficiencies in traditional finance.
With over $1.3 billion in TVL, Ondo Finance has established itself as a leader in RWA tokenization. OUSG alone holds over $690 million and was the first tokenized security to achieve significant adoption. Its portfolio includes funds managed by financial heavyweights like BlackRock, Franklin Templeton, WisdomTree, and FundBridge Capital.
“Bringing OUSG to XRPL with RLUSD as a settlement option broadens access to high-quality, onchain financial instruments. It reflects our commitment to bridging traditional finance and DeFi in a way that serves institutions reliably,” Ian De Bode, Chief Strategy Officer at Ondo Finance, added.
XRP, ONDO Prices Dip
The overall market sentiment has turned red in the last 24 hours. XRP has dipped 1% and ONDO has recorded a decline of 2.5% and is trading at $0.86. XRP is currently trading at $2.25.
