**Crypto News Flash: Tokenization of US T-Bills on XRP Ledger! đ**
- OpenEden, a fintech company connecting traditional finance and DeFi, will launch the tokenization of US Treasury Bills (T-bills) on the XRP Ledger (XRPL).
- Ripple will fund $10 million for this product. RippleX's Markus Infanger called this an interesting example of real-world asset tokenization.
- Tokenized T-bills are a digital representation of traditional T-bills that can be traded on the blockchain.
- OpenEden has reached $75 million in total value locked (TVL) for their tokenized T-bills.
- Users can mint this product using stablecoins such as Ripple USD (RLUSD) which will be launched later this year.
**XRP Price:**
- XRP price fell 6% in the last 24 hours despite this initiative.
- Yesterday, XRP price hit a four-month peak of nearly $0.66.
- Expectations of settlement of Ripple vs SEC case might influence XRP price volatility.
What do you think about the tokenization of T-bills in XRPL? Comment below!
