Ripple Confirms ONDO’s OUSG Fund, Backed by BlackRock’s BUIDL, Is Live on XRP Ledger 💼
Ripple has announced that ONDO Finance has launched its tokenized U.S. Treasuries fund, OUSG, on the XRP Ledger. This marks a significant push into the realm of real-world asset tokenization by the XRPL, further solidifying its position in tokenized traditional finance.
The launch of the OUSG fund aligns with previous initiatives on the XRP Ledger, following a similar partnership with Guggenheim. This development underscores the growing adoption of XRPL for institutional finance solutions, emphasizing its role as a preferred platform for tokenizing traditional financial assets like U.S. Treasuries. The collaboration with BlackRock adds credibility and influence to this strategic move.