Ripple and Ondo unlock 24H access to US Treasuries onchain with RLUSD | BSCN (fka BSC News)

Ondo Finance has brought its flagship tokenized U.S. Treasury product, OUSG, to the XRP Ledger (XRPL), pushing tokenized real-world assets (RWAs) further into mainstream finance. The integration allows Qualified Purchasers to subscribe to and redeem OUSG tokens using Ripple’s new stablecoin, RLUSD — anytime, without waiting for banking hours.

This move comes at a time when institutions are aggressively exploring tokenized assets, driven by the potential for faster, borderless, and more transparent capital markets. According to a joint report by Ripple and Boston Consulting Group, the market for tokenized assets could hit $19 trillion by 2033

OBNG.webpImage: Ripple## What Is OUSG and Why It Matters

OUSG is a tokenized product that represents short-term U.S. Treasury securities on the blockchain. Originally launched in January 2023, the Ondo Short-Term U.S. Government Treasuries product has since grown to become one of the largest RWAs in decentralized finance. As of now, it boasts a total market cap of over $670 million, according to RWA analytics platform rwa.xyz.

OUSG gives investors a way to access U.S. government bonds in tokenized form, providing steady yield without exposing capital to the volatility of crypto markets. These tokens are used increasingly as reserve assets in DeFi protocols or as collateral in onchain trading strategies.

With the XRPL launch, OUSG becomes available across four major chains — Ethereum, Polygon, Solana, and now XRP Ledger.

What sets this integration apart is the use of Ripple’s new stablecoin RLUSD to process subscriptions and redemptions of OUSG tokens. RLUSD acts as a bridge between fiat and tokenized treasuries, eliminating the wait times, frictions, and cost overhead associated with traditional banking intermediaries.

Ripple’s partnership with Ondo Finance also includes a liquidity injection to support trading from day one. This ensures there is sufficient depth in the market for participants looking to buy, sell, or redeem tokens with confidence.

As Ian De Bode, Chief Strategy Officer at Ondo Finance, put it:

“This integration strengthens our commitment to providing reliable and composable infrastructure at the intersection of traditional finance and DeFi.”

Ripple’s Strategic Push Into RWAs

This is not Ripple’s first move into tokenized assets. Last year, the company partnered with Archax, a U.K.-regulated exchange, to launch the first tokenized money market fund on XRPL. This week, a Guggenheim Capital subsidiary introduced a Digital Commercial Paper product on the same chain.

Its ecosystem is now home to a growing number of institutional-grade offerings. With RLUSD, Ripple now has a direct tool to link stable fiat value with onchain treasury products.

Although XRPL accounts for only a small portion of the total RWA market today, roughly $23 billion and counting — its technical infrastructure and expanding institutional support suggest this number may grow fast. The chain’s low latency, built-in DEX, and compliance-first design make it an attractive destination for serious financial instruments.

Worth noting, XRPL has native support for tokenized assets, a built-in decentralized exchange, and compliance tools like Decentralized Identifiers (DIDs).

Tokenized Treasuries Are Booming

Tokenized treasuries are no longer a theory. They are one of the fastest-growing sectors in crypto and DeFi. Just a year ago, the market was worth $1.7 billion. Today, it has grown to more than $7.2 billion, according to rwa.xyz.

Asset managers like BlackRock and Franklin Templeton are already in the game. Ondo Finance, with over $1.3 billion in total value locked across its products, established itself as a major force in the RWA space.

Treasuries are low-risk, yield-bearing instruments. In a blockchain format, they offer programmable, compliant, and instant liquidity — features that traditional finance can’t match. They also make ideal collateral for decentralized lending, and stable yield instruments for DAOs and treasury managers.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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