TechFlow news, June 11 — According to official reports, Ondo Finance announced on June 11 that its short-term U.S. Treasury Fund (OUSG) has launched on the XRP Ledger (XRPL) blockchain. Eligible investors can now subscribe to and redeem the fund around the clock using Ripple's RLUSD stablecoin.
This integration introduces real-time settlement capabilities and new liquidity options to the XRPL ecosystem, while expanding the use cases for RLUSD as a bridge for on-chain real-world assets. OUSG currently has $690 million in total value locked (TVL) across multiple blockchains, including Ethereum, Solana, and XRP Ledger.
Reports indicate the product achieved an initial $30 million in TVL upon launch on XRPL. Markus Infanger, Senior Vice President of RippleX, stated the move demonstrates how tokenized finance is maturing in real-world markets, enabling institutional investors to access high-quality assets like U.S. Treasuries on public blockchains.
