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Ripple has announced a significant move into the tokenized asset market by allocating $10 million to invest in tokenized U.S. Treasury bills (T-bills) on the XRP Ledger. This initiative is a collaboration with OpenEden, a tokenization platform that will now offer these T-bills, marking the first issuance of such tokens on the XRP network. The tokenized T-bills will provide users with a 5.0% annual percentage yield (APY) and will be accessible to accredited and institutional investors through stablecoins. This development highlights Ripple's ongoing efforts to integrate traditional financial assets into the decentralized finance (DeFi) space, amidst broader interest in tokenization from major financial entities.
RIPPLE TO TOKENIZE $10M IN U.S. TREASURY BILLS ON XRP LEDGER Ripple’s putting $10M into tokenized U.S. Treasury bills on the XRP Ledger. They’re teaming up with OpenEden, making traditional assets digital for more efficiency. This comes as big names like BlackRock also dive… https://t.co/dA4xaSHaBJ
RIPPLE TO INVEST $10 MILLION IN TOKENIZED U.S. TREASURY BILLS ON XRP LEDGER Ripple is set to tokenize $10 million worth of U.S. Treasury bills on the XRP Ledger, collaborating with OpenEden. The initiative involves TBILL tokens backed by U.S. Treasuries and repos, reflecting a… https://t.co/6lufKdGqsW
Per @CryptoRank_io, Ondo Finance is the #1 leading provider of tokenized US Treasuries, with the combined TVL of $OUSG and $USDY now exceeding $570M across all supported chains. We're excited to be a pioneer in the tokenization of RWAs. https://t.co/7sWRcUAFlE
