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XRP Ledger To Offer Tokenized US Treasury Bills In Partnership With OpenEden

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By on August 1, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post XRP Ledger To Offer Tokenized US Treasury Bills In Partnership With OpenEden appeared first on Coinpedia Fintech News

In a groundbreaking move, the XRP Ledger will now offer tokenized US Treasury bills (T-bills) to investors with a new OpenEden partnership. T-bills, short-term US government debt obligations backed by the Department of the Treasury, will be available as TBILL tokens on the XRPL. Ripple is committing $10 million to OpenEden’s TBILL tokens. This investment is part of a larger fund allocated to tokenized T-bills provided by OpenEden and other issuers. Tokenized T-bills provide new investment opportunities and enhanced security on XRP Ledger.

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