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ELYSIA Brings RWA Tokenization to XRP Ledger With TBILL Tokens

ELYSIA Brings RWA Tokenization to XRP Ledger With TBILL Tokens

CoinEdition2024/12/12 16:00
By: Parth Dubey
ELYSIA has announced the debut of Treasury Bills on the XRP Ledger. Users can stake XRP to receive TBILL tokens, earning yield on their investments. The first tranche opens on December 19th at 03:00 UTC.
  • ELYSIA has announced the debut of Treasury Bills on the XRP Ledger.
  • Users can stake XRP to receive TBILL tokens, earning yield on their investments.
  • The first tranche opens on December 19th at 03:00 UTC.

ELYSIA, a leading real-world asset (RWA) tokenization firm, plans to launch US Treasury Bills (TBILL tokens) on the XRP Ledger blockchain network. The firm wants to bring the best of decentralized finance (DeFi) and traditional finance (TradFi) together through RWA tokenization.

In a post on X (formerly Twitter), ELYSIA said that by early next week, users can stake XRP to receive TBILL tokens and earn yield from the underlying asset. This gives the XRP digital asset more utility, which has grown massively in the past few weeks, hitting multi-year highs.

The first tranche opens on December 19th at 03:00 UTC in collaboration with VASP-licensed Infiniteblock. This is the first time an RWA project appears on the XRP Ledger blockchain network in South Korea. This marks the “first of many RWA-focused products” that the firm plans to release in the region.

In addition, ELYSIA offers products involving Ripple’s latest RLUSD, the stablecoin pegged to the US dollar. The RWA project aims to “showcase the potential of tokenizing real-world assets for XRP Ledger users” with the upcoming launch of RLUSD, which recently got approval from the New York Department of Financial Services.

XRP Price Analysis

According to the data from CoinMarketCap, XRP trades at $2.34, down 3.64% in the past 24 hours and 38.9% from its all-time high of $3.84 seven years ago. The digital asset jumped 257.97% in the last 30 days and reached a multi-year high of $2.86.

ELYSIA Brings RWA Tokenization to XRP Ledger With TBILL Tokens image 0 ELYSIA Brings RWA Tokenization to XRP Ledger With TBILL Tokens image 1

The Relative Strength Index (RSI) for XRP is 62.94, which means the bulls control the digital asset’s price action. The line’s direction suggests sideways movement will continue in the short term before the digital asset goes higher.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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