Ondo Finance, a tokenized active platform in the real world, brings its $ 185 million US Treasury token to the company-focused XRP Ledger Network to expand the offer for institutions, companies said Tuesday.

On -OUSG) -to -OUSG -Token is supported by Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL) and allows qualified investors to mint and redeem the tokens around the clock almost instantly with the help of Ripple’s RLUSD stableCoin. The implementation is set to go live within the next six months, Ondo Finance said in a blog post.

Both Ripple, the Creator of XRP Ledger and Ondo Finance committed seed investments in the token on the XRP head box for the first liquidity. They did not reveal the size of the allocation.

Tokenization of assets in the real world (RWA) is a rapidly growing industry that involves representing traditional funding assets such as bonds, credit and funds on a blockchain. Participants do so in the pursuit of faster settlements and increased efficiency compared to traditional banks plumbing.

Tokenized versions of US Ministry of Finance notes the tip of the trend and has more than quadrupled in the last year to become an asset class of $ 3.5 billion, RWA.xyz shows.

“That day in a statement.

OUSG follows Openeden’s TBill as the second tokenized Finance Ministry available at XRP Ledger. OUSG was previously available at Ethereum, Polygon and Solana.