In a universe not so far away, Ripple has confirmed a strategic partnership with Ondo Finance, a firm that specializes in the rather exciting realm of real-world asset tokenization. Together, they are launching Ondo’s tokenized U.S. Treasury product, OUSG, on the XRPL, which, if you squint hard enough, might just look like a fancy new spaceship.
Ripple’s CEO, the ever-enthusiastic Brad Garlinghouse, has been making quite the splash in the crypto pond, advocating for a diversified U.S. digital asset reserve. This is a bold move, considering the Bitcoin maximalists are out there clutching their digital pearls, aghast at the thought of anything other than their beloved Bitcoin being included in the national treasure chest. It’s like suggesting that a salad might be a valid meal option at a steakhouse—utterly scandalous!
Ripple and Ondo Finance Partner for Tokenized U.S. Treasuries
In this latest escapade, Ripple and Ondo Finance are teaming up to make tokenized short-term U.S. Treasury securities accessible through XRPL. OUSG, the tokenized treasury product, is backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL)—a name that sounds like it was generated by a particularly enthusiastic AI. This offers institutional investors a way to hold and redeem U.S. Treasuries at any hour of the day, which is great news for those who enjoy trading at 3 AM while wearing pajamas.
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His remarks were in response to claims that he had lobbied against a Bitcoin strategic reserve. He clarified that he had spoken with key policymakers and officials, advocating for a more inclusive approach that reflects the broader crypto market rather than favoring one asset over all others. It
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2025-01-30 20:51