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OpenEden Introduces Tokenized US Treasury Bills on the XRP Ledger
Tokenization platform OpenEden has announced the introduction of tokenized US Treasury bills (T-bills) on the XRP Ledger (XRPL). This marks the first time T-bills, a short-term US government debt obligation backed by the US Department of the Treasury, will be available to XRPL users.
The tokenization of T-bills on the XRPL exemplifies how institutional access to decentralized finance (DeFi) is being enhanced through the tokenization of traditional real-world assets (RWAs). OpenEden’s TBILL tokens are backed by investments in short-dated US T-bills and reverse repurchase agreements collateralized by US Treasuries.
To maintain high security and regulatory compliance, all minters undergo stringent KYC and AML screening.
Ripple, a leader in enterprise blockchain and crypto solutions, has committed USD$10 million to OpenEden’s TBILL tokens. This investment is part of a larger fund that Ripple will allocate to tokenized T-bills from OpenEden and other issuers.
#DeFi #Tokenization #XRPL #USTBills #Ripple #Blockchain #Crypto #OpenEden
OpenEden Introduces Tokenized US Treasury Bills on the XRP Ledger
Tokenization platform OpenEden has announced the introduction of tokenized US Treasury bills (T-bills) on the XRP Ledger (XRPL). This marks the first time T-bills, a short-term US government debt obligation backed by the US Department of the Treasury, will be available to XRPL users.
The tokenization of T-bills on the XRPL exemplifies how institutional access to decentralized finance (DeFi) is being enhanced through the tokenization of traditional real-world assets (RWAs). OpenEden’s TBILL tokens are backed by investments in short-dated US T-bills and reverse repurchase agreements collateralized by US Treasuries.
To maintain high security and regulatory compliance, all minters undergo stringent KYC and AML screening.
Ripple, a leader in enterprise blockchain and crypto solutions, has committed USD$10 million to OpenEden’s TBILL tokens. This investment is part of a larger fund that Ripple will allocate to tokenized T-bills from OpenEden and other issuers.
#DeFi #Tokenization #XRPL #USTBills #Ripple #Blockchain #Crypto #OpenEden