Ondo Finance expands institutional coverage by deploying OUSG on the XRP Ledger
On January 28th, Ondo Finance announced that it will deploy its tokenized US Treasury fund, Ondo Short-Term U.S. Government Bond (OUSG), on the XRP Ledger (XRPL). This deployment is set to go live within the next six months and will introduce OUSG to XRPL's extensive institutional user base, bringing composable and compliance-priority assets into a blockchain built specifically for financial institutions. This integration paves the way for institutional DeFi and advanced cash management solutions, making DeFi and traditional finance more closely intertwined than ever before.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, BAT drops over 15%
SpaceX reportedly sells shares appropriately, valuation may rise to $800 billions