Ripple Collaborates with Ondo Finance to Improve Institutional DeFi through Tokenized Treasuries

Partnership Overview: Ripple has partnered with Ondo Finance to tokenize U.S. Treasuries on the XRP Ledger (XRPL), utilizing Ripple's RLUSD stablecoin for efficient minting and redemption, aimed at institutional users.

XRPL as a Settlement Layer: This initiative positions XRPL as a key settlement layer for real-world assets, enhancing transaction speed and security, and challenging Ethereum's dominance in the tokenization of traditional financial assets.

Focus on Institutional DeFi: The collaboration seeks to simplify asset management for banks and fintech companies, with ongoing upgrades to XRPL's capabilities supporting a secure and compliant platform for digital asset settlement.

Stablecoins and Liquidity: Ripple's emphasis on stablecoins and liquidity infrastructure aims to establish XRPL as the primary platform for tokenized assets, enhancing the efficiency and security of transactions within the institutional decentralized finance ecosystem.