11-6-2025 – Ripple has unveiled a pioneering integration, bringing Ondo Finance’s tokenized US Treasuries offering—known as the Ondo Short-Term US Government Treasuries (OUSG)—to the XRP Ledger (XRPL). Announced on 11 June, this development underscores Ripple’s ambition to cement XRPL as a leading hub for institutional-grade tokenized assets, harnessing the network’s burgeoning capabilities to redefine access to traditional financial instruments.
The OUSG product, which grants permissioned investors on-chain exposure to short-term US Treasury yields, is a heavyweight in the tokenized securities arena. Data from RWA.XYZ indicates that OUSG commands a market value of approximately $692 million, positioning it among the foremost tokenized Treasury products globally. Its arrival on XRPL is poised to amplify the platform’s appeal, offering institutional players a robust avenue to engage with high-quality financial assets in a round-the-clock market.
A cornerstone of this integration is Ripple’s newly launched stablecoin, RLUSD, which facilitates the minting and redemption of OUSG on XRPL. This innovation bypasses conventional financial infrastructure, delivering seamless, 24/7 access to tokenized Treasury exposure. To bolster the launch, both Ripple and Ondo Finance have pledged liquidity to ensure vibrant trading activity, with RLUSD serving as a linchpin for cross-network transactions and settlement efficiency.
The announcement has already stirred market interest, with Ondo Finance’s native token, ONDO, climbing 4% to trade near $0.90. This uptick reflects growing confidence in the collaboration’s potential to bridge traditional and blockchain-based finance.
Ripple’s broader vision for XRPL as a powerhouse for tokenized real-world assets (RWAs) is evident in this move. The firm has forged strategic alliances, including a notable partnership with Guggenheim Partners, to propel its tokenization agenda. Industry projections fuel this drive, with estimates suggesting the tokenized asset market could soar to $19 trillion by 2033. The rapid embrace of tokenized Treasury and money market products, exemplified by initiatives from asset management giants like BlackRock, signals a transformative shift in how funds are distributed and settled.
Markus Infanger, Senior Vice President at RippleX, encapsulated the significance of this milestone: “This integration empowers institutions to tap into trusted assets like US Treasuries on public blockchains, balancing compliance with operational agility. It’s a leap forward in creating a dynamic, always-on financial ecosystem that prioritises liquidity and capital accessibility.”
