Payment network Ripple will allocate $10 million in tokenized U.S. Treasury bonds (T-bills) that will be available on the XRP Ledger for the first time.
This investment marks an important step in the development of the financial tokenization sector. The government bonds will be issued by OpenEden in the form of TBILL tokens, and this is the first time these tokens will be available on the XRP Ledger (XRPL). The move is part of a broader trend where traditional financial assets are being converted into tokenized forms, offering potential advantages in efficiency and accessibility over traditional methods. system.
The assets backing these TBILL tokens will be invested in short-term government bonds and reverse repurchase agreements (repos), which are short-term loans secured by US government bonds. Repo involves selling securities with an agreement to buy them back at a higher price, reflecting a common practice in financial markets to manage liquidity and capital resources.
The broader field of tokenized physical assets is increasingly gaining attention, with big names like BlackRock also making moves in the space. BlackRock issued institutional BUIDL on the Ethereum blockchain earlier this year, backed by a similar combination of US government bonds, repos, and cash.
To date, more than $780 million has been locked in tokenized US government bonds, demonstrating growing interest and investment in this innovative approach to managing and trading assets. traditional finance. Ripple's involvement in this space underscores the company's commitment to integrating blockchain technology with traditional financial systems, aiming to leverage XRPL for global financial transactions and currency exchanges .
https://tapchibitcoin.io/ripple-phan-bo-10-trieu-do-la-cho-trai-phieu-kho-bac-hoa-ky-duoc-token-hoa-tren-xrp-ledger.html
