RippleX and Ondo Finance have announced a partnership for the tokenization of U.S. treasuries, marking an important step for XRP Ledger and the digital assets market.
Announcement of Ripple and Ondo Finance Partnership
On January 28, 2025, RippleX confirmed a new collaboration with Ondo Finance aimed at tokenizing U.S. treasuries on the XRP Ledger. This will be enabled by the introduction of a new stablecoin, RLUSD, allowing for round-the-clock minting and redemption of tokens. Ripple emphasizes that this partnership ensures unmatched liquidity and strong security standards.
Ondo Finance's Role in BlackRock's Tokenization Ecosystem
Ondo Finance plays an active role in BlackRock’s digital asset expansion. According to information presented by SMQKE, Ondo has already entered BlackRock’s ecosystem of tokenized funds, where inflows have exceeded $160 million. This underscores Ondo's potential in the tokenized asset market.
Craig Phillips' Profile and Influence on Ripple
Craig Phillips, the director of Ripple, has over 35 years of industry experience, having previously held executive positions at Morgan Stanley and BlackRock, and also worked at the U.S. Treasury Department. His extensive connections in finance and public policy strengthen Ripple's position in the market, especially in the context of working with Ondo on tokenization.
The partnership between Ripple and Ondo Finance signifies a significant integration of traditional financial assets with blockchain technologies. This step expands the capabilities of the XRP Ledger and has the potential to increase institutional interest in tokenized financial instruments.
