Ripple(XRP)NEWS

Bringing U.S. Treasury Bonds to the XRP Ledger via OpenEden Platform

Short-term debt obligations known as Treasury bonds are backed by the U.S. government. Over a billion dollars worth of U.S. Treasury bonds have already been tokenized on public blockchains like Polygon, Ethereum, and Stellar. Ripple has allocated $10 million to TBILL tokens issued by OpenEden.

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Markus Infanger, Senior Vice President at RippleX, stated that these bonds exemplify how real-world assets can be tokenized. He noted that institutions are actively exploring opportunities to tokenize assets, which helps investors diversify their portfolios. Ripple outlined its vision for tokenization earlier this year. In March, financial giant BlackRock launched its own tokenization fund called BUILT.

ImportanNotice: The content presented in this article is intended for informational purposes only and should not be interpreted as financial advice. Coinshibainu.com bears no responsibility for any investment decisions made relying on the information contained herein. It is highly recommended to consult with a qualified expert or financial advisor before making any investment decisions.

hassan

Hassan is the founder and owner of CoinShibaInu.com, a news platform dedicated to providing the latest updates and analyses on cryptocurrency. Driven by his passion for fintech and digital innovation, Hassan strives to deliver accurate and insightful content that helps readers stay informed about the dynamic world of digital assets and make well-informed investment decisions.

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