⚠️ US T-Bills Coming to XRP Ledger
San Francisco-based company Ripple has announced the introduction of US Treasury bills on the XRP Ledger via tokenization platform OpenEden.
Treasury bills are short-term debt obligations backed by the U.S. government. More than $1 billion worth of U.S. treasury notes have already been tokenized on public blockchains.
Ripple has also allocated $10 million to TBILL tokens issued by OpenEden.
Markus Infanger, senior vice president at RippleX, has stated that the bills represent another example of how it is possible to tokenize real-world assets. He added that institutions are actively exploring tokenization opportunities. Tokenized versions of Treasury bills help investors diversify their portfolios.
