Ripple and OpenEden partner to tokenize US Treasury bills (T-bills) on the XRP Ledger, revolutionizing DeFi.
TBILL tokens that are backed by US T-bills and repurchase agreements will soon be available on XRPL.
Ripple commits $10M to OpenEden’s TBILL tokens, showcasing confidence in integrating real-world assets into DeFi.
Ripple has announced a groundbreaking partnership with OpenEden to introduce tokenized US Treasury bills (T-bills) on the XRP Ledger (XRPL). This strategic move aims to transform the DeFi space by integrating traditional real-world assets (RWAs) into the XRPL ecosystem.
According to a recent report, tokenized T-bills, a short-term US government debt obligation backed by the Department of the Treasury, will soon be available as TBILL tokens on the XRPL. These tokens are supported by short-dated US T-bills and reverse repurchase agreements collateralized by US Treasuries. Minters would undergo firm KYC and AML screenings to ensure security and regulatory compliance.
Ripple is committing $10 million to OpenEden’s TBILL tokens, part of a larger fund allocated to tokenized T-bills provided by OpenEden and other issuers. This investment underscores Ripple’s commitment to leveraging real-world assets to drive utility and new opportunities on decentralized platforms.
The infrastructure that underlies the XRPL is also highly adaptable to accommodate institutional-grade financial applications. Its features include an Automated Market Maker (AMM), Decentralized Identifier (DID), Multi-Purpose Tokens (MPT) capability, Lending Protocol, and native Oracle support, making it an ideal platform for RWA tokenization. OpenEden’s TBILL tokens, reflecting $75 million in Total Value Locked (TVL), showcase growing market confidence in this approach.
Ripple continues to lead in enterprise blockchain and crypto solutions. Recently, Ripple partnered with Fenasbac, the National Federation of Associations of Central Bank Servers. This collaboration aims to advance fintech innovation in Brazil through the Next accelerator program.
This initiative supports the development of scalable financial services solutions leveraging blockchain technology, such as the XRP Ledger.
Brazil has embraced the advanced developer community and highly developed digital payments system which is why this country is one of the priorities for Ripple’s investment. The company’s effort to empower teams across the globe that utilize the XRPL is to foster a fair and effective financial environment.
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XRP Ledger (XRPL) is a public, enterprise-level blockchain designed to be reliable and stable for the past ten years for tokenizing and trading assets. Based on XRP, a payment-grade digital asset, XRPL helps firms and developers embrace new opportunities in the financial industry.
With over five decades of experience, Fenasbac has expanded its operations to become a leader in financial and technological innovation. In collaboration with the Central Bank of Brazil, Fenasbac seeks to modernize the National Financial System, making it more competitive and robust on both national and international levels.
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