According to U.Today, RippleX has announced that OpenEden, a tokenization platform, will introduce tokenized U.S. Treasury bills (T-bills) to the XRP Ledger (XRPL) for the first time. This development marks a significant milestone as it demonstrates how institutional access to decentralized finance (DeFi) is being driven by the tokenization of traditional real-world assets. OpenEden's TBILL tokens are backed by short-dated U.S. T-bills and reverse repurchase agreements with U.S. Treasury collateral.
Ripple has highlighted this achievement in a recent press release, noting that it will also invest $10 million in OpenEden’s TBILL tokens. This investment is part of a larger fund that Ripple will allocate to tokenized T-bills issued by OpenEden and other issuers. However, alongside this significant development, a crucial warning has been issued to the XRP community.
XRPScan, a leading XRP Ledger explorer, has shared important information to ensure the safety of assets on the XRP Ledger. The TBL token issuing address is labeled and verified on XRPScan. The community is urged to be cautious of copycat TBL tokens issued by scammers and to always perform due diligence on token issuers. XRPScan emphasizes the importance of verifying token issuers through trusted explorers.
Additionally, XRPScan shared a similar warning issued by XRPL validator
