Ondo Finance Brings Tokenized Treasuries to XRPL via RLUSD

🔄 Treasury Tokens Meet XRPL

By Ondo Finance
Jun 12, 2025, 4:42 PM
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Ondo Finance has expanded its tokenized treasury offerings to the XRP Ledger (XRPL), enabling institutional investors to access OUSG (Short-Term US Government Treasuries Fund) through RLUSD.​ This marks the first seamless settlement between OUSG and RLUSD on XRPL.​

Key points:

  • OUSG is fully backed, yield-generating, and compliant
  • Ondo Finance manages over $1.​3B in TVL
  • OUSG has $690M in TVL, invested in funds from BlackRock, Franklin Templeton, and others

This integration provides institutions with flexible treasury management tools and high-quality tokenized assets on XRPL.​

Sources

Speaking with @CNBC about Ondo Chain testnet's debut transaction, @nathanlallman explained: “It’s really the first time that there’s been this interoperability between a bank’s permissioned blockchain environment and a public blockchain.” cnbc.com/2025/05/15/us-…

Ondo Finance
Ondo Finance
@OndoFinance

1/ Kinexys by J.P. Morgan (@jpmorgan), Ondo Finance, and @chainlink are teaming up to connect bank settlement infrastructure to Ondo Chain. Today, we are excited to announce the debut transaction on Ondo Chain testnet — a cross-chain, atomic DvP settlement of OUSG.

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Here's what leaders from Kinexys by @jpmorgan, @chainlink, and @ondofinance had to say about the debut testnet transaction on Ondo Chain — a new L1 purpose-built to scale institutional-grade RWA tokenization: 👇 “The demonstrated cross-chain solution is a testament to what can

Ondo Finance
Ondo Finance
@OndoFinance

1/ Kinexys by J.P. Morgan (@jpmorgan), Ondo Finance, and @chainlink are teaming up to connect bank settlement infrastructure to Ondo Chain. Today, we are excited to announce the debut transaction on Ondo Chain testnet — a cross-chain, atomic DvP settlement of OUSG.

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Where is onchain finance headed over the next 12 months? “We’re going to continue to see rapid growth in tokenized treasuries,” explained @nathanlallman on @jacqmelinek's @_TalkingTokens podcast. “Tokenized treasuries have still barely scratched the surface of eating into the

Jacquelyn Melinek
Jacquelyn Melinek
@jacqmelinek

Is 2025 the year of tokenization?🪙 @OndoFinance's Founder & CEO @nathanlallman says yes. Ondo is home to $USDY and $OUSG, which have market caps of ~$600M and $420M, respectively His team is banking big (pun intended) that onchain finance will change everything for crypto

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“There's 64 trillion dollars in global equities that can be brought onchain.” —Ondo Finance Vice Chair Patrick McHenry, live on Nasdaq @TradeTalks with Rep Zach Nunn. Today, only a fraction of that value is accessible onchain. Ondo is building the infrastructure to change that.

TradeTalks
TradeTalks
@TradeTalks

.@OndoFinance @PatrickMcHenry & @ZachNunn join @JillMalandrino on @Nasdaq #TradeTalks to discuss the future of digital assets, crypto regulation and policy, and the importance of national security in financial innovation. x.com/i/broadcasts/1…

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Yieldcoins represent a new class of tokenized assets designed to deliver steady, onchain yield. Ondo’s market-leading yieldcoins, USDY and OUSG, give global investors access to institutional-grade yield without the friction of traditional finance.

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Ondo Finance
Ondo Finance
@OndoFinance

The tokenized treasuries market continues to expand—and Ondo is at the forefront with two products. USDY is the most widely held yieldcoin, and OUSG offers market-leading instant liquidity—together unlocking global, 24/7 access to US treasuries yield. The future of capital

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The institutions are here. Solana Stories featured Ondo’s Ian De Bode alongside leaders from Visa, VanEck, and Galaxy Digital to discuss the accelerating shift toward digital assets. “Everyone sees the writing on the wall that the regulation and legislation is changing.”

Solana
Solana
@solana

1000-year-old financial systems don't change overnight — except when they do. The institutions are here, and they're building on Solana.

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Ondo Global Markets will do for US securities what stablecoins did for the US dollar. What will Ondo Global Markets provide? • A gateway to US equities trading • Instant minting and redemption of tokenized securities • Composability for tokenized US stocks This is how

Ondo Finance
Ondo Finance
@OndoFinance

Ondo Global Markets provides more than tokenized access — it enables programmable liquidity for the world’s most important assets.

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The tokenized treasuries market continues to expand—and Ondo is at the forefront with two products. USDY is the most widely held yieldcoin, and OUSG offers market-leading instant liquidity—together unlocking global, 24/7 access to US treasuries yield. The future of capital

Messari
Messari
@MessariCrypto

Over 90% of all tokenized treasuries are issued by just 6 entities (h/t @SteimetzKinji)

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The institutions are coming. Major banks and asset managers “are now finally seeing an environment where they can lean forward because regulatory clarity is coming,” explained Ondo’s Ian De Bode, live on Nasdaq @TradeTalks. “A lot of big institutions are coming to us looking

TradeTalks
TradeTalks
@TradeTalks

.@OndoFinance Chief Strategy Officer Ian De Bode joined @JillMalandrino to discuss why major banks and other financial institutions are ready to move their financial services on chain. Watch the full video: spr.ly/6016F2IIQ

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