Tokenization has moved from concept to reality—redefining global financial infrastructure. According to a recent Ripple and Boston Consulting Group (BCG) report, tokenized assets are projected to reach a $19 trillion market by 2033, transforming how assets are held, traded, and accessed.
Today marks a major milestone: Ondo Finance’s Ondo Short-Term U.S. Government Treasuries (OUSG) is now live on the XRP Ledger (XRPL). This unlocks institutional access to tokenized U.S. Treasuries through a seamless mint-and-redeem process using Ripple’s stablecoin, RLUSD.
A New Standard for Onchain Treasuries
Ondo Finance is at the forefront of real-world asset tokenization, with more than $1.3 billion in total value locked (TVL). OUSG, their flagship product with $670 million TVL, is now supported on XRPL—joining the ranks of tokenized treasury offerings alongside BlackRock and Franklin Templeton.
With this integration, Qualified Purchasers can now subscribe and redeem OUSG using RLUSD 24/7—without relying on traditional banking infrastructure. RLUSD serves as a reliable bridge asset, enabling smooth access and settlement with capital efficiency in mind.
Why XRPL? Purpose-Built for Institutional Finance
The XRP Ledger offers a powerful platform for tokenized assets, with its native support for:
- Real-time token settlement
- Built-in decentralized exchange (DEX)
- Decentralized Identifiers (DIDs)
- Institutional-grade compliance features
With upcoming features like Multi-Purpose Tokens (MPTs), lending protocols, and Permissioned Domains, XRPL continues to evolve for enterprise use. According to BCG, low-risk assets like U.S. Treasuries are the first to see meaningful traction in tokenization—especially when deployed on efficient, regulation-friendly networks like XRPL.
Immediate Impact for Institutions
For institutions managing liquidity and cross-border operations, the benefits are significant. OUSG on XRPL offers:
- Faster capital deployment
- 24/7 access to U.S. Treasuries
- Reduced reliance on intermediaries
- Transparent, onchain compliance
RippleX SVP Markus Infanger stated:
“Ondo’s OUSG going live on the XRPL proves that tokenized finance is real and here. Institutions now have access to high-quality assets like U.S. Treasuries on a public blockchain—with the transparency, speed, and trust they need.”
A Model for the Future of Finance
This launch is not just about one product—it sets the stage for a larger shift in tokenized finance. U.S. Treasuries continue to lead the adoption curve, with more than $7 billion in tokenized treasury TVL. The market is growing fast, driven by the demand for secure, liquid, and programmable financial products.
With the launch of OUSG on XRPL, Ripple and Ondo Finance demonstrate how tokenized assets can operate efficiently, compliantly, and at scale. As the industry moves toward 24/7 global finance, XRPL is positioning itself as a core infrastructure layer for institutional-grade tokenization.
