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XRP Ledger Teams Up with OpenEden to Launch Tokenized US Treasury Bills
The post XRP Ledger Teams Up with OpenEden to Launch Tokenized US Treasury Bills appeared on BitcoinEthereumNews.com. Coinspeaker XRP Ledger Teams Up with OpenEden to Launch Tokenized US Treasury Bills Ripple is adding new functionality to its XRP Ledger (XRPL) by offering tokenized US Treasury bills (T-bills) through a partnership with OpenEden, a company that specializes in tokenizing real-world assets. This move will bring short-term US government debt to the XRPL, aiming to attract more institutional investors. Tokenized US Treasury Bills on XRP Ledger In a press release published on August 1, Ripple detailed their latest partnership, which will introduce US Treasury bills (T-bills) as TBILL tokens on the XRP Ledger (XRPL). Ripple will contribute $10 million to OpenEden’s TBILL tokens, which is part of their larger investment strategy focused on tokenized financial assets. Tokenized T-bills are digital versions of US Treasury bills represented on a blockchain. They convert traditional T-bills into digital tokens that can be traded or held on blockchain platforms. These tokens are backed by actual T-bills and additional collateral, enhancing accessibility and efficiency. This integration allows for broader access to government-backed securities within DeFi platforms, enabling more diverse investment options and enhancing liquidity. OpenEden’s Growth and Impact OpenEden’s TBILL tokens have reached a Total Value Locked (TVL) of $75 million, reflecting significant interest from institutional investors. These tokens have also been awarded an investment-grade “A” rating by Moody’s, marking them as the first tokenized U.S. Treasury product to receive such a rating. OpenEden’s clientele includes corporate treasuries and investment funds. To uphold security and regulatory standards, OpenEden will enforce stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) checks for all participants, ensuring high levels of compliance and protection. Impact on DeFi The launch of tokenized T-bills on the XRPL marks a major advancement in decentralized finance (DeFi), demonstrating how traditional financial assets can be integrated into blockchain systems. The XRP Ledger, with…
The post XRP Ledger Teams Up with OpenEden to Launch Tokenized US Treasury Bills appeared on BitcoinEthereumNews.com.
Coinspeaker XRP Ledger Teams Up with OpenEden to Launch Tokenized US Treasury Bills Ripple is adding new functionality to its XRP Ledger (XRPL) by offering tokenized US Treasury bills (T-bills) through a partnership with OpenEden, a company that specializes in tokenizing real-world assets. This move will bring short-term US government debt to the XRPL, aiming to attract more institutional investors. Tokenized US Treasury Bills on XRP Ledger In a press release published on August 1, Ripple detailed their latest partnership, which will introduce US Treasury bills (T-bills) as TBILL tokens on the XRP Ledger (XRPL). Ripple will contribute $10 million to OpenEden’s TBILL tokens, which is part of their larger investment strategy focused on tokenized financial assets. Tokenized T-bills are digital versions of US Treasury bills represented on a blockchain. They convert traditional T-bills into digital tokens that can be traded or held on blockchain platforms. These tokens are backed by actual T-bills and additional collateral, enhancing accessibility and efficiency. This integration allows for broader access to government-backed securities within DeFi platforms, enabling more diverse investment options and enhancing liquidity. OpenEden’s Growth and Impact OpenEden’s TBILL tokens have reached a Total Value Locked (TVL) of $75 million, reflecting significant interest from institutional investors. These tokens have also been awarded an investment-grade “A” rating by Moody’s, marking them as the first tokenized U.S. Treasury product to receive such a rating. OpenEden’s clientele includes corporate treasuries and investment funds. To uphold security and regulatory standards, OpenEden will enforce stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) checks for all participants, ensuring high levels of compliance and protection. Impact on DeFi The launch of tokenized T-bills on the XRPL marks a major advancement in decentralized finance (DeFi), demonstrating how traditional financial assets can be integrated into blockchain systems. The XRP Ledger, with…
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