Ripple and Ondo Finance Launch Tokenized U.S. Treasuries on XRP Ledger
Ripple has partnered with Ondo Finance to introduce tokenized U.S. Treasuries (OUSG) on the XRP Ledger (XRPL). Institutions designated as “Qualified Purchasers” can mint and redeem OUSG 24/7 using Ripple’s stablecoin RLUSD. Both firms will seed initial liquidity, aiming to position XRPL as a hub for real-world asset tokenization beyond cross-border payments. In parallel, retail-focused platform Zexpire has launched $ZX-powered range-betting on Bitcoin’s daily volatility, capping losses with no leverage or liquidations. Early users earn 5% APR pre-TGE staking, cashback on losses, referral bonuses, and benefit from token burns and buybacks funded by platform fees. This dual innovation highlights two DeFi trajectories: one catering to institutional demand for yield-bearing tokenized debt, the other embracing crypto’s volatility for accessible retail trading.
Bullish
The onboarding of tokenized U.S. Treasuries on XRPL through Ripple and Ondo Finance is likely to drive institutional demand for both OUSG and RLUSD, increasing transaction volume and on-chain liquidity. It expands real-world asset (RWA) tokenization beyond Ethereum’s ecosystem, potentially attracting new users to XRP Ledger. Historical precedents—such as multiple RWA launches on Ethereum boosting related token prices—suggest a positive short-term price reaction and strengthened long-term fundamentals for XRP and ONDO. Additionally, Zexpire’s retail volatility product may increase $ZX usage and engagement across the market. Overall, these developments point to a bullish outlook.