Tokenization platform OpenEden has announced the introduction of tokenized T-bills to the XRP Ledger (XRPL) for the first time. OpenEden's TBILL tokens are invested in short-term US Treasuries and reverse repurchase agreements, ensuring the highest security and regulatory compliance.
Ripple will allocate $10 million to invest in OpenEden's TBILL tokens as part of a larger fund. Markus Infanger, senior vice president at RippleX, said this demonstrates new opportunities for real-world asset tokenization, strengthening XRPL's position as the leading blockchain.
OpenEden recently tokenized US Treasuries with a total lock-in value (TVL) of over $75 million and an investment grade "A" rating from Moody's. OpenEden co-founder Jeremy Ng said users will be able to mint TBILL tokens through stablecoins, including the upcoming Ripple USD. Ripple also announced a partnership with Archax to bring more tokenized real-world assets to XRPL.
OpenEden brings tokenized Treasuries to XRP Ledger and gets $10 million from Ripple
2024-08-01 03:47:10
Tokenization platform openeden announcement first time tokenization treasury billsdesk3cryptocurrencydesktopCrypto News
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