Ripple has partnered with Ondo Finance to introduce tokenized U.S. Treasuries on the XRP Ledger (XRPL), announced on September 27, 2025. The collaboration enables the minting and redemption of OUSG tokens using Ripple's RLUSD stablecoin, aimed at enhancing institutional access to blockchain-based assets.
The initiative focuses on boosting DeFi liquidity and operational efficiency, with key players like Ripple's Senior Vice President Markus Infanger emphasizing the benefits for institutions. Infanger stated, "Institutions can now access high-quality assets like US treasuries on public blockchains, with the compliance and efficiency they need." The partnership positions XRPL as a leader in real-world asset tokenization, leveraging its real-time transaction capabilities.
Following the announcement, market assets such as XRP and ONDO tokens experienced value gains, reflecting investor confidence. This move is part of Ripple's broader vision to integrate traditional finance with blockchain, potentially triggering regulatory developments and competitive advantages over networks like Ethereum.