Ondo Finance is broadening access to tokenized U.S. Treasuries through its integration with the XRP Ledger and Stellar. Max Avery highlighted the significance of this development in a recent post , emphasizing Ondo’s role in bridging traditional financial instruments with blockchain-based solutions. He pointed out that despite Ondo’s rapid growth and success, the broader market has not fully recognized its impact. Avery stated, “Ondo Finance is building a direct line between well-established financial instruments and on-chain access with XRP Ledger and Stellar and people still aren’t paying enough attention.” He further explained that Ondo is addressing key inefficiencies in traditional finance, such as slow settlement times and limited accessibility, by leveraging blockchain technology. The Growth of Ondo’s Tokenized Treasury Market One of Ondo Finance’s main offerings, OUSG, has already surpassed $1 billion in demand. This product provides exposure to U.S. Treasuries with on-chain accessibility, allowing for 24/7 minting and redemption. Avery contrasted this with traditional finance, where transactions are restricted by banking hours, often delaying settlements to the next business day. He described OUSG as providing the benefits of Treasuries while incorporating the flexibility of digital assets. With OUSG now available on the XRP Ledger , investors can gain access to tokenized treasuries in a more efficient manner. Avery noted that this development eliminates arbitrary time restrictions that have long constrained traditional financial markets. By utilizing the XRP Ledger, Ondo Finance is tapping into a blockchain network known for its institutional partnerships and compliance-focused infrastructure. USDY and Its Role in Expanding Financial Access Ondo’s second major offering, USDY, functions differently from traditional stablecoins. Unlike stablecoins that simply hold their value, USDY is backed by U.S. Treasuries and bank deposits, generating yield over time. Avery highlighted how USDY on Stellar connects to a global payment network spanning 180 countries. This feature allows users worldwide, particularly those without stable access to the U.S. dollar, to benefit from Treasury yields. Avery explained that the introduction of USDY provides financial opportunities that were previously unavailable. He asked how millions facing inflation and currency devaluation could gain access to stable dollar yields without requiring a U.S. bank account. By deploying USDY on Stellar, Ondo Finance enables broader participation in global financial markets. Experienced Leadership and Regulatory Focus Ondo Finance’s leadership includes individuals with extensive experience in traditional finance and digital assets. Avery noted that President Justin Schmidt previously led digital assets at Goldman Sachs , while Vice President Katie Wheeler has held roles at Circle and BlackRock. Additionally, Ondo has recently appointed Patrick McHenry, the former Chair of the House Financial Services Committee, as Vice Chairman of its Advisory Board. Avery pointed out that McHenry’s addition brings regulatory expertise at a critical time when cryptocurrency policies are still evolving. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 By combining blockchain technology with institutional-level financial expertise, Ondo Finance positions itself as a trusted entity in the tokenized asset space. Avery emphasized that this combination allows Ondo to move faster than traditional financial institutions while maintaining compliance standards that attract institutional investors. A Multi-Chain Approach to Tokenized Assets Avery underscored the significance of Ondo’s decision to integrate with the XRP Ledger and Stellar. He explained that each blockchain serves a distinct purpose: the XRP Ledger supports institutional adoption and compliance, while Stellar is well-suited for global payments and financial inclusion. Ondo’s strategic use of these networks ensures that its products align with the strengths of each ecosystem. Looking ahead, Avery suggested that tokenized U.S. Treasuries are only the beginning. He predicted that corporate bonds, real estate, commodities, and alternative assets could soon follow, making financial markets more accessible and efficient. He described the potential for fractional ownership, automated payouts, and smart contracts that directly interact with real-world assets. Avery concluded that these advancements represent a shift toward a more accessible financial system. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ondo Finance Expands Tokenized Treasuries to the XRP Ledger and Stellar appeared first on Times Tabloid .
