Ondo Finance, a platform of real assets in tokens, brings its American treasure token of $ 185 million to the XRP Ledger network focused on the company to extend the offer for institutions, companies announced on Tuesday.
The short -term Ondo token of the US government (OSG) is supported by the USD Institutional Digital Liquidity Fund (BUIDL) of BlackRock and allows qualified investors to slap and buy the tokens 24 hours a day using the stablecoin Rusd de Ripple. The deployment should be put online in the next six months, said Ondo Finance in a blog article.
Ripple, the creator of XRP Ledger and Ondo Finance committed seeds in seeds in the token on the XRP book for initial liquidity. They did not reveal the size of the allowances.
The tokenization of active active world (RWA) is a rapidly growing industry that involves representing traditional financial assets such as bonds, credit and funds on blockchain. Participants do so in the continuation of faster colonies and increased efficiency compared to traditional banking plumbing.
The tokenized versions of the US Treasury notes have led the trend and have more than quadrupled in the past year to become an asset class of $ 3.5 billion, according to Rwa.xyz data.
“The Intraday 24/7 regulation activated by token assets like Ousg marks a transformative change in the management of capital flows, freeing itself from traditional negotiation hours and slow regulations,” said Markus Infanger, a vice-president From Ripplex, a development company for the Grand Book XRP, said the development company of the Grand Book of XRP, said Markus in a declaration.
Usg follows Tbill of Openeden as the second tokenized treasure product available on XRP Ledger. Ousg was previously available on Ethereum, Polygon and Solana.
