TLDR
- Ondo launched OUSG on XRPL on June 11, 2025, for qualified investors.
- OUSG on XRPL uses RLUSD as the settlement asset for minting and redemption.
- Ondo announced the XRPL expansion for its tokenized Treasury product in January 2025.
- The launch added “24/7 minting and redemption” for OUSG on XRP Ledger.
- Ondo said tokenized stocks rose from $0 to nearly $1 billion in under a year.
Ondo Finance and Ripple have moved deeper into the XRPL real-world asset market. The step follows the live launch of OUSG on XRP Ledger. The rollout adds a new venue for tokenized U.S. Treasuries.
On June 11, 2025, Ondo made its tokenized U.S. Treasury product available on XRPL. The product uses RLUSD for settlement and serves “qualified investors.” The move brings Ondo and Ripple into a shared live treasury setup.
Ondo brings OUSG to XRPL
Ondo announced the XRPL expansion for OUSG in January 2025. OUSG is backed by short-term U.S. Treasuries. The product gives eligible users on-chain access to government debt exposure. The January plan also pointed to a wider XRPL RWA strategy.
The live launch added “24/7 minting and redemption” on XRPL. Ripple USD, known as RLUSD, acts as the settlement asset. This setup supports round-the-clock transfers and settlement. Investors can move between issuance and redemption at any time.
Ondo said the product is open to “qualified investors.” That keeps the offer within a defined investor group. It also places XRPL inside a growing tokenized treasury market. The move turns an earlier plan into a live product.
Ripple adds RLUSD to the treasury workflow
Ripple’s role centers on settlement and ledger infrastructure. RLUSD connects the treasury product to a dollar-based token. That can reduce steps during minting and redemption. The model keeps cash settlement inside the same network.
XRP Ledger supports fast transfers and token issuance. That makes it a practical network for real-world assets. Ripple has also promoted XRPL for institutional use. The OUSG launch adds a treasury case that is already operating.
Ripple is also expanding RLUSD across payment rails. The OUSG rollout gives the stablecoin another use case. One product provides treasury exposure, and the other handles settlement. Together, they create a live workflow for eligible investors.
Tokenized asset growth gives more context
The launch comes as tokenized assets keep expanding. Ondo recently said tokenized stocks rose from zero to nearly $1 billion. That growth happened in less than a year. It also gives context for Ondo’s wider tokenization push.
Tokenized U.S. Treasuries have drawn attention from crypto firms and finance groups. They offer blockchain access to short-term government debt. They also keep familiar asset backing. That structure can appeal to firms seeking lower-volatility on-chain assets.
The Ondo and Ripple tie-up adds another live product to that market. It combines tokenization, stablecoin settlement, and ledger infrastructure on one network. XRPL now has a working treasury product with RLUSD at the center. The launch expands XRPL’s role in institutional RWA activity.
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