Tokenization Platform Opens to Introduce Tokenized U.S. Treasury Notes on the XRP Ledger

Tokenization platform OpenEden has announced that it will begin selling Treasury Bills, short-term government securities guaranteed by the U.S. Treasury.
The company announced that it will tokenize cryptocurrencies (USDT, T-bill, etc.) and introduce them to the XRP Ledger (hereinafter, XRPL).
Tokenization of T-bills with XRPL allows institutions today to trade traditional real assets (RWAs)
This is an example of how OpenEden is entering decentralized finance through tokenization. The assets backing OpenEden’s TBILL token are short-term U.S. T-bills, as well as U.S. Treasury bills.
The tokens will be invested in reverse buyback bonds secured by bonds. The token issuer will undergo rigorous KYC (Know Your Customer) testing to meet the highest security and compliance standards.
The company is a leading provider of enterprise blockchain and cryptocurrency solutions.
Ripple, a blockchain company, plans to allocate $10 million (approximately 1.4 billion yen) to Open Eden's TBILL tokens. This is because Ripple plans to open
The fund is part of a larger pool of tokenized short-term government bonds offered by Eden and other issuers.
Infanger said, "OpenEden's tokenized US Treasury Notes are an example of how tokenizing a range of real assets is creating utility and new opportunities.
This is a classic example of how more and more institutions today are looking for a place to tokenize their real assets. The introduction of T-bills in XRPL is a great example of how decentralized Layer 1 blockchain technology can be used to tokenize real assets.
"XRPL, the underlying blockchain, will be one of the leading blockchains for tokenizing real assets."
XRPL is built to support institutional-grade financial use cases.
XRPL combines proven stability and efficiency, automated market makers (AMMs), decentralized identifiers (DIDs), multi-purpose token (MPT) functionality, a lending protocol, and native open source.
With a comprehensive feature roadmap including cloud support, it provides a strong foundation for real asset tokenization and institutional-grade decentralized finance.
Total Value of OpenEden’s Tokenized U.S. T-Bills
Total Value Locked (TVL) recently topped $75 million, signaling growing market confidence in on-chain methods of monetizing RWAs.
OpenEden has also received an investment grade "A" rating from Moody's, making it the first and only tokenized U.S. Treasury product to receive such a rating.
"OpenEden has attracted a range of institutional investors, including foundations, corporate finance departments and investment management funds, to generate a stable and diverse set of funding opportunities," said Jeremy Ng, co-founder of OpenEden.
"OpenEden is excited to continue this exciting journey by introducing tokenized T-bills to the XRP ledger."
"Purchasers will be able to mint TBILL tokens through stablecoins, including RippleUSD, which will be launched later this year," he said.
Meanwhile, Ripple recently teamed up with Archax, the UK’s first FSA-regulated digital asset exchange, broker and trustee, to enter into a multi-year agreement to buy digital assets by 2025.
In 2019, the company revealed plans to bring hundreds of millions of dollars of tokenized real assets to XRPL. Over the past decade, the number of projects built on XRPL has reached 1,000.
Since 2012, XRPL has processed over 2.8 billion transactions without any outages or security breaches and supports over 5 million active wallets across a network of 120+ validators.
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