Tokenized Treasuries Are Coming to the XRP Ledger
The post Tokenized Treasuries Are Coming to the XRP Ledger appeared on BitcoinEthereumNews.com. Ondo Finance is partnering with Ripple to bring tokenized US Treasuries to the XRP Ledger Ondo CEO Nathan Allman describes the vision as a “Wall Street 2.0” for institutional DeFi The XRP Ledger was chosen for its 24/7 reliability, a key need for institutional-grade assets Ripple recently featured Ondo Finance CEO Nathan Allman in a public discussion about bringing tokenized U.S. Treasuries, like the popular OUSG, to the XRP Ledger. The conversation is part of a bigger trend in the industry to connect traditional financial products with faster, more transparent blockchain technology. Building “Wall Street 2.0” on the XRP Ledger Nathan Allman, the founder and CEO of Ondo Finance, laid out his firm’s strategy to bridge the gap between institutional finance and blockchain. He described the goal as creating a “Wall Street 2.0,” a new system that combines the established structures of traditional finance with the 24/7 accessibility and efficiency of DeFi. Allman said a key motivation was the stark difference between the old and new systems. Legacy finance often needs multiple days to settle a securities transfer, while decentralized networks can move assets almost instantly. He pointed to the power of dApps that offer single-click access to complex financial services like borrowing and trading, all while users keep control of their own assets. Related: Ripple Confirms ONDO’s OUSG Fund, Backed by BlackRock’s BUIDL, Is Live on XRP Ledger Ondo’s choice to partner with a network like the XRP Ledger, he said, was because of the need for the kind of constant operational reliability that institutional clients require. The Broader Trend: Making Assets Work Cross-Chain Ondo’s work isn’t just happening on one network; it’s part of a larger industry push to make tokenized assets work across different blockchains. In a separate but related development, the oracle network Chainlink has also…
The post Tokenized Treasuries Are Coming to the XRP Ledger appeared on BitcoinEthereumNews.com.
Ondo Finance is partnering with Ripple to bring tokenized US Treasuries to the XRP Ledger Ondo CEO Nathan Allman describes the vision as a “Wall Street 2.0” for institutional DeFi The XRP Ledger was chosen for its 24/7 reliability, a key need for institutional-grade assets Ripple recently featured Ondo Finance CEO Nathan Allman in a public discussion about bringing tokenized U.S. Treasuries, like the popular OUSG, to the XRP Ledger. The conversation is part of a bigger trend in the industry to connect traditional financial products with faster, more transparent blockchain technology. Building “Wall Street 2.0” on the XRP Ledger Nathan Allman, the founder and CEO of Ondo Finance, laid out his firm’s strategy to bridge the gap between institutional finance and blockchain. He described the goal as creating a “Wall Street 2.0,” a new system that combines the established structures of traditional finance with the 24/7 accessibility and efficiency of DeFi. Allman said a key motivation was the stark difference between the old and new systems. Legacy finance often needs multiple days to settle a securities transfer, while decentralized networks can move assets almost instantly. He pointed to the power of dApps that offer single-click access to complex financial services like borrowing and trading, all while users keep control of their own assets. Related: Ripple Confirms ONDO’s OUSG Fund, Backed by BlackRock’s BUIDL, Is Live on XRP Ledger Ondo’s choice to partner with a network like the XRP Ledger, he said, was because of the need for the kind of constant operational reliability that institutional clients require. The Broader Trend: Making Assets Work Cross-Chain Ondo’s work isn’t just happening on one network; it’s part of a larger industry push to make tokenized assets work across different blockchains. In a separate but related development, the oracle network Chainlink has also…
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