A naukri.com initiative
Livebitcoinnews
2w
139
Image Credit: Livebitcoinnews
XRP Ledger Welcomes Ondo’s Tokenized Treasury Solution
- Ondo Finance launches tokenized U.S. Treasury asset, OUSG, on the XRP Ledger, allowing 24/7 minting and redemption in RLUSD stablecoin.
- OUSG backed by BlackRock's BUIDL fund ensures compliance with institutional demands.
- XRP Ledger provides low fees and high throughput for tokenized assets, integrating conventional finance with blockchain.
- OUSG offers access to short-term U.S. treasuries and has over $670 million total value locked across blockchains.
- Platform compliant with strict KYC and AML policies for institutional investors' security.
- The significance of the OUSG launch highlighted, bringing regulated yield-generating products to an institutionally trusted blockchain.
- RLUSD stablecoin facilitates constant availability of OUSG, enabling investors to manage portfolios efficiently.
- XRP Ledger, with its compliance tools and real-time settlements, supports the tokenized U.S. Treasuries market growth.
- Ondo Finance project contributes to the trend of digitalizing traditional finance instruments towards tokenized assets.
- Market for tokenized U.S. Treasuries is growing, valued at $7 billion globally, with potential to reach $16 trillion by 2030.
Read Full Article
8 Likes
For uninterrupted reading, download the app