Ondo Finance Debuts $670 million Tokenized Treasuries on XRP Ledger

- OUSG product launched on XRP Ledger on June 11, 2025. - Offers 24/7 institutional access to $670 million in Treasuries via RLUSD. On June 11, CoinDesk reported that Ondo Finance launched its OUSG tokenized U.S. Treasuries product on the XRP Ledger (XRPL). This launch grants institutions 24/7 access to $670 million in Treasury products, and significantly, it allows institutional investors to mint and redeem Ondo Short-Term U.S. Government Treasuries (OUSG) around the clock using Ripple’s RLUSD stablecoin for settlement. BlackRock's BUIDL fund backs the OUSG product, which represents over $670 million in Treasury products, making it one of the largest tokenized Treasury products available. With Ondo Finance having over $1.3 billion in total value locked across its platforms, the introduction of OUSG on the XRP Ledger is pivotal. Indeed, according to a report by Ripple and Boston Consulting Group (BCG), this move aims to eliminate traditional banking hour restrictions and reduce friction in legacy financial systems. The XRPL supports this by offering a capital-efficient settlement and liquidity model, crucial for Treasury management. The XRP Ledger presents itself as an enterprise-grade infrastructure for institutional decentralized finance (DeFi), providing key features such as native tokenization support, a built-in decentralized exchange (DEX), low transaction fees, and fast settlement finality. Additionally, it includes compliance-focused features like Decentralized Identifiers (DIDs). To further support the initial product launch momentum, Ripple and Ondo Finance are making liquidity commitments. Currently, the tokenized U.S. Treasuries market has already surpassed $7 billion in total value locked. These tokenized products lead real-world asset (RWA) tokenization adoption by improving capital efficiency and interoperability with on-chain finance. The launch enables qualified purchasers and institutions to seamlessly convert between OUSG and RLUSD 24/7, a capability that enhances both liquidity and operational efficiency. As of June 11, 18:09 UTC, XRP (XRP) was trading at $2.299, a 0.666% change over the last 24 hours. Additionally, according to CoinMarketCap on June 11, its trading volume increased by 1.602% over the same period.