Ondo Finance’s OUSG—a digital coin that tokenises short-term U.S. government treasuries—has gone live on the XRP ledger as per a Ripple press release. The OUSG coin has a $690 million total value locked (TVL) and is one of the largest tokenised treasury securities in the market.
Through integration on the XRP ledger, institutional investors can buy OUSG, gaining exposure to short-term U.S. treasuries with an APY yield of 4.09% at a current price of $111.39 per OUSG token, according to the Ondo Finance website.
People will be able to redeem their OUSG investments through RLUSD and convert in and out of both currencies. Established liquidity of OUSG on the XRP ledger is $30 million.
“Ondo’s OUSG going live on the XRPL demonstrates that tokenized finance is no longer theoretical; it’s maturing in real markets. Institutions can now access high-quality assets like U.S. treasuries on public blockchains, with the compliance and efficiency they need. This represents progress in bringing trusted financial assets into a 24/7 market—enabling greater liquidity, operational efficiency, and faster access to capital,” said SVP of RippleX, Markus Infanger.
“Bringing OUSG to XRPL with RLUSD as a settlement option broadens access to high-quality, onchain financial instruments. This integration strengthens our commitment to providing reliable and institutional-grade assets at the intersection of traditional finance and DeFi.” said the Chief Strategy Officer of Ondo Finance, Ian De Bode.
The XRP ledger continues to build momentum with increased adoption of RWAs, new wallets, stablecoin integrations, and higher transaction volumes. Past notable integrations on the XRP include Braza Group’s USDB, the MiCA-compliant EUROP, and StraitsX’s XSGD.
Apart from XRP ledger growth, firms are also choosing the XRP currency to form a treasury as part of their digital asset strategy.
Energy solutions company VivoPower raised money to buy $100 million in XRP through a partnership with digital asset trust company BitGo. VivoPower now plans to deploy these tokens for a yield on the Flare blockchain.