Ondo Finance has officially launched its flagship tokenized U.S. Treasuries product, OUSG, on the XRP Ledger (XRPL), bringing institutional-grade real-world assets to one of the most robust blockchain infrastructures. The announcement was made via Ripple’s blog on June 11, highlighting the move as a pivotal step toward the maturation of tokenized finance in decentralized markets.
What Is OUSG?
OUSG (Ondo Short-Term U.S. Government Treasuries) is a tokenized money market product that offers exposure to low-risk, short-duration U.S. Treasury bills. Designed for qualified institutional purchasers, it allows for 24/7 minting and redemption using RLUSD, a Ripple-issued stablecoin, as the settlement asset.
The product has already garnered significant traction, with over \$670 million in total value locked (TVL) across chains and \$30 million deployed on XRPL as of launch. This positions OUSG among the largest tokenized Treasury offerings in the crypto market.
Real-Time Settlement on XRPL
Unlike traditional finance systems constrained by banking hours and slow settlement cycles, XRPL enables real-time transactions, giving institutions the ability to optimize liquidity, manage cash flows more efficiently, and reduce idle capital. This aligns with a growing demand among global institutions for 24/7 access to compliant, liquid assets on-chain.
“Ondo’s OUSG going live on the XRPL demonstrates that tokenized finance is no longer theoretical it’s maturing in real markets,” said Markus Infanger, Senior Vice President of RippleX. “Institutions can now access high-quality assets like U.S. Treasuries on public blockchains, with the compliance and efficiency they need.”
Ripple and Ondo Commit Liquidity to Boost Adoption
To ensure a smooth rollout, Ripple and Ondo have both committed liquidity to support activity on XRPL. This includes providing ample RLUSD for OUSG transactions, making it a functional and stable bridge for real-world asset (RWA) settlements.
This partnership reflects a broader industry push to bring real-world assets like Treasuries, bonds, and private credit onto public blockchains in a compliant, scalable manner.
Why XRP Ledger?
XRPL’s native tokenization support, decentralized exchange (DEX) capabilities, and on-chain identity standards make it an ideal home for institutional asset-backed tokens. Future network upgrades including multipurpose tokens, permissioned domains, and a native lending protocol will further strengthen XRPL’s utility for real-world asset integration.
OUSG’s XRPL deployment follows its earlier launches on Ethereum and Solana, showcasing Ondo’s multi-chain approach to democratizing access to stable, yield-generating U.S. government securities.
Industry Recognition and Global Context
The move comes amid rapid growth in the tokenized Treasuries market, which now boasts over \$7 billion in total value locked globally. Ondo Finance has emerged as a major force in this space, earning recognition in the World Economic Forum’s May 2025 report for its contributions to digital asset innovation.
Final Thoughts
With the launch of OUSG on XRPL, Ondo Finance is helping push institutional DeFi into a new era, where on-chain access to compliant, yield-bearing instruments becomes the norm. As global interest in tokenized real-world assets accelerates, this integration sets a new benchmark for how blockchain technology can merge with traditional finance securely, efficiently, and at scale.
