OnDo Finance has launched Tokenized US financial tokens by the director of the US Treasury Products by the director of XRP, which recorded major progress in institutional grade distributed financing.
According to a June 11 presentation on Ripple’s blog, qualified buyers can now use RLUSD Stablecoin as a payment asset to Mint and use OUSG tokens for 24 hours. The short OUSG of the short -term US government of OnDO is exposed to a low risk and a short period of time through the token currency market fund.
It is one of the largest token financial products in this market, with a total of $ 30 million and already owned $ 30 million in the chain of more than $ 560 million. Institutional users who are looking for heated finance liquidity, speed and compliance can now access OUSG on XRPL.
XRPL, unlike the existing financial rails, which are limited to slow payment cycles and bank time, enable real -time issuance and restraint by using RLUSD. This feature is attractive to institutions operated in the jurisdiction because it improves capital efficiency, reduces idle cash buffers, and facilitates fast cash flow management.
Ripple and OnDo promise fluidity to start activity, helping RLUSD acts to serve as a stable leg for the actual asset consensus of XRPL. Markus Infanger, the chief vice president of RippleX, represents the movement of token finance from the theory to practice.
“On the XRPL, Oldo’s old -fashioned knowledge shows that token finance is no longer theoretical. In fact, it is matured in the actual market. The institution is now accessible to high -quality assets such as the US Treasury in the public blockchain through the required regulations and efficiency.”
-Markus Infangers, SVP of RippleX
XRPL is a platform suitable for asset support tokens due to basic support for tokenization, distributed exchange functions and identity standards. Future network functions, such as multipurpose tokens, loan protocols and authority domains, are increasing institutional focus.
OUSG’s XRPL rollout is available in Ethereum (ETH) and Solana (SOL) and is provided and is in a position where the product can be reached to more institution users. The market is rapidly developing into the token Treasury TVL, which is over $ 7 billion worldwide.
As a result of the tokenization efforts, OnDo Finance was in the report on the May 21 of the World Economic Forum and showed a role in promoting adoption.