Summary
- Ondo Finance has officially announced the launch of a tokenized US Treasury product on the XRP Ledger.
- It was reported that institutional investors can redeem and issue Treasury tokens using Ripple USD (RLUSD).
- Ondo Finance and XRP are trading at prices up by 3.30% and 0.05% respectively.
Real World Asset (RWA) project Ondo Finance (ONDO) has launched a tokenized US Treasury product on the Ripple-based blockchain XRP Ledger (XRPL).
On the 10th (local time), Cointelegraph announced via X (formerly Twitter) that "Ondo Finance has officially launched a tokenized US Treasury product on XRP Ledger," and added "Institutional investors can smoothly redeem and issue Treasury tokens using Ripple’s stablecoin, Ripple USD (RLUSD)."
As of 3:42 PM, based on Binance USDT market, Ondo Finance and XRP are trading at $0.8948 and $2.29 respectively, up 3.30% and 0.05% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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