Ondo Launches OUSG on XRP Ledger with Ripple Stablecoin Support

• Ondo’s OUSG Comes to XRP Ledger with RLUSD
• Ripple integrates stablecoin into securities tokenization
• Cryptocurrencies and RWA assets gain institutional traction

Ondo Finance has expanded its presence in the tokenized asset market by announcing the integration of the XRP Ledger (XRPL) as a new network for its U.S. government bond product, Ondo Short-Term U.S. Government Treasuries (OUSG). With this expansion, institutional investors now have another option to access U.S. Treasury assets directly on the blockchain.

The OUSG will now allow that qualified users can make subscriptions and redemptions using RLUSD, Ripple’s dollar-pegged stablecoin. This functionality was made possible by the XRP Ledger infrastructure, which has already been explored by other real-world asset (RWA) tokenization initiatives.

1/ We're bringing tokenized real-world assets to the XRP Ledger.

Ondo Finance's flagship short-term US Treasuries fund, OUSG, is now live on the XRPL—with seamless minting and redemptions via @Rippl to 's stablecoin, RLUSD. pic.twitter.com/E4lH9C8tE6

— Ondo Finance (@OndoFinance) June 11, 2025

Since its launch in January 2023, OUSG has gained prominence in the DeFi space as one of the largest RWA products, with a market cap of over $690 million. Data from RWA.xyz places the fund among the top three largest tokenized Treasury securities, behind only initiatives from BlackRock and Franklin Templeton.

The selection of XRPL as the fourth OUSG-compatible blockchain — after Ethereum, Polygon, and Solana — signals a movement toward infrastructure diversification. This trend has been seen in other projects, such as the launch of Ripple’s tokenized fund in partnership with Archax and the issuance of digital commercial paper by Guggenheim Capital’s subsidiary.

While XRPL still represents a small portion of the $23 billion in total value of tokenized RWAs, its adoption by large enterprises suggests a surge in institutional interest. The main reason is Ripple’s ledger’s ability to operate with continuous liquidity, fast settlements, and 24-hour availability.

By exploring the tokenization of government securities through an interoperable stablecoin, Ondo Finance reinforces the role of cryptocurrencies as tools for integration between the traditional market and the DeFi ecosystem.