Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
XRP Ledger to Launch Tokenized US Treasury Bills

XRP Ledger to Launch Tokenized US Treasury Bills

Cryptodnes2024/08/01 12:30
By:Cryptodnes

The XRP Ledger, in partnership with Ripple and OpenEden, is set to offer tokenized US Treasury bills (T-bills), marking a significant step in merging traditional finance with Blockchain technology.

These TBILL tokens, backed by US government debt, will be available on the XRPL, providing secure and innovative investment opportunities.

Ripple is investing $10 million into OpenEden’s TBILL tokens, aiming to enhance the utility of real-world assets in the decentralized finance (DeFi) space.

The XRPL’s robust infrastructure, featuring Automated Market Maker (AMM) and Decentralized Identifiers (DID), supports this initiative.

READ MORE:
California DMV Adopts Blockchain for Digital Car Titles

The partnership also seeks to expand DeFi access for institutional investors, with future plans to mint TBILL tokens using stablecoins like the upcoming Ripple USD.

Ripple’s collaboration with regulated digital asset exchange Archax further underscores the potential for integrating significant real-world assets onto the XRPL.

This move signifies a major evolution in DeFi, offering a seamless blend of traditional financial instruments and blockchain innovation.

SHARE: SHARES
0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!