XRP Ledger Welcomes Ondo Finance’s $693M Tokenized US Treasury

Ondo Finance has introduced its Ondo Short-Term U.S. Government Treasuries (OUSG) on XRP Ledger (XRPL). This is a large move by ONDO in the integration of traditional finance and blockchain technology.

XRP Ledger Welcomes Ondo Finance, Source: X

According to the announcement , Qualified Purchasers can now conveniently access the U.S. Treasuries 24/7 with RLUSD, Ripple’s enterprise-grade stablecoin. Users can mint or redeem OUSG fast, without having to wait for conventional banking hours.

This launch is important because it uses Ripple’s RLUSD stablecoin. It lets institutional users mint and redeem tokens anytime, making it easier to manage cash and access funds smoothly. The token gives investors exposure to U.S. Treasuries and offers steady yield by investing in a mix of respected institutional funds.

OUSG debuted on XRP Ledger with $30 million of locked-in total value locked (TVL). The action also underscores RLUSD’s increasing use case beyond settlement. It is now the primary gateway to real-world financial products, enabling institutions to gain access to tokenized treasury solutions with faster and more flexible timing.

“Bringing OUSG to XRPL with RLUSD as a settlement choice expands access to high-quality, onchain financial instruments,” said De Bode, Chief Strategy Officer at Ondo Finance.

Ondo Finance leads the way with tokenization of real-world assets, with over $1.3 billion in total value locked (TVL). OUSG is already a best-sized tokenized Treasury product, with over $690 million in total value locked (TVL).

It is backed by numerous blockchains, including Ethereum, Solana, and now XRPL. Its portfolio includes leading funds including BlackRock’s BUIDL and Franklin Templeton’s FOBXX, showing a solid backstop.