XRP (XRP) holders will soon be able to buy short-term U.S. government debt, specifically U.S. Treasury bills (T-bills), on the XRP Ledger. This is something that Ripple made official in its most recent news release. This is the first time that these kinds of tokenized goods can be used on the platform.
A new fund has been set up to help Ripple invest in OpenEden’s tokenized assets, according to the press release. The fund’s specifics have not been made public yet, but Ripple has stated that OpenEden’s TBILL tokens will receive $10 million from this fund.
Ripple Expands RWA Market
Ripple is taking this step as part of its larger strategy to work with tokenized T-bills and the growing Real-World Assets (RWA) market. Senior Vice President at RippleX Markus Infanger said this was significant: “OpenEden’s tokenized US Treasury bills are another exciting example of how all kinds of real-world assets are being tokenized to drive utility and new opportunities.”
Adding T-bills to the XRP system should help the RWA tokenization market, which is already growing. OpenEden currently holds more than $75 million in U.S. T-bills. Users will be able to create TBILLs using stablecoins, such as Ripple USD, which Ripple will release later this year and set to the U.S. dollar.
Tokenizing real-world assets is becoming more popular, and significant businesses like BlackRock are putting large standard assets on the blockchain. This is in line with Ripple’s most recent project, which shows how important the XRP Ledger is becoming in the RWA and DeFi fields. Ripple is more popular in the blockchain environment because it supports things like lending protocols, native oracles, automated market makers, and decentralized identifiers.
