Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD

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Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD originally appeared on TheStreet.

Ondo Finance has launched its flagship tokenized treasury product, Ondo short-term US Government Treasuries (OUSG), on the XRP Ledger (XRPL), where Qualified Purchasers can mint and redeem 24/7 using Ripple's RLUSD stablecoin.

This marks the first time tokenized US Treasuries have been directly deployed and accessed via XRPL for qualified purchasers—an impactful move toward bridging traditional finance with institutional-level DeFi.

The integration to XRPL now provides capital 24/7 and enables instant minting and redemption within OUSG using RLUSD, creating RLUSD as a key settlement rail for real-world assets (RWAs).

OUSG allows exposure to low-risk, short-term US government treasuries via institutional-grade money market funds. OUSG already has $30 million TVL on XRPL and is climbing alongside Ondo Finance's total $1.3 billion TVL in tokenized finance.

RippleX SVP Markus Infanger mentioned in a statement, launching OUSG marks a point where institutions can begin to rely on trusted assets on public blockchains, i.e., in a developing tokenized market, Treasuries, not IOUs.

Ian De Bode, CSO of Ondo, also noted that the deployment of OUSG on XRPL means OUSG is now poised to expand further composable financial access to an even larger institutional audience.

OUSG is already live on Ethereum and Solana, with over $670 million in assets, making it one of the most extensive tokenized Treasury offerings, alongside some of the most prominent tokenized Treasury creators, such as BlueRock and Franklin Templeton, which have allocations in BUIDL, FOBXX, WTGXX, and ULTRA.

This launch shows XRPL is becoming more usable for institutions and further develops RLUSD's role beyond payments as a bridge to on-chain financial instruments with stable liquidity and compliance.

Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD first appeared on TheStreet on Jun 11, 2025

This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared.

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