Ondo Finance has introduced its flagship tokenized U.S. Treasuries product, OUSG, on the XRP Ledger (XRPL), advancing institutional-grade decentralized finance. Announced on June 11, the platform allows qualified purchasers to mint and redeem OUSG tokens around the clock using the RLUSD stablecoin as the settlement asset. OUSG represents tokenized short-term U.S. government treasury bills, providing low-risk, liquid money market exposure.
With over $670 million in total value locked across various blockchains and more than $30 million already on XRPL, OUSG ranks among the largest tokenized U.S. Treasury products in the market. The integration on XRP Ledger offers institutional users improved capital efficiency, faster cash flow management, and compliance benefits compared to traditional financial rails, which are limited by banking hours and slower settlement cycles.
The launch was supported by Ripple and Ondo, who have committed liquidity to jumpstart activity and help RLUSD serve as a stable bridge for real-world asset settlements on the XRPL. Markus Infanger, Senior Vice President at RippleX, stated this milestone signifies tokenized finance moving from theory to practical application, enabling institutions to access trusted U.S. Treasuries on public blockchains efficiently and compliantly.
XRPL’s native features such as tokenization, decentralized exchange capabilities, and identity standards make it a suitable platform for asset-backed tokens. Upcoming network features like multipurpose tokens, lending protocols, and permissioned domains underscore a growing focus on institutional utility.
This XRPL rollout follows the product’s launch on Ethereum (ETH) and Solana (SOL), broadening its institutional user reach. The tokenized Treasuries market is rapidly growing, with over $7 billion in tokenized U.S. Treasuries value locked globally. Ondo Finance’s efforts have earned recognition from the World Economic Forum, highlighting its role in driving adoption of tokenized assets.