Share this article
Ripple to Allocate $10M to Tokenized U.S. Treasury Bills on XRP Ledger
This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.
Updated Aug 1, 2024, 10:47 a.m. Published Aug 1, 2024, 10:44 a.m.
- Ripple will allocate $10 million in tokenized U.S. Treasury bills on the XRP Ledger, marking the first issuance of such tokens on the platform.
- The initiative is part of a broader trend in the crypto industry, where tangible real-world assets and traditional financial securities are being tokenized, enhancing efficiency and attracting major participants like BlackRock.
Payments network Ripple will allocate $10 million to a tokenized version of U.S. Treasury bills (T-bills) that will become available on the XRP Ledger for the first time.
The short-term U.S. government debt is being issued as TBILL tokens by the tokenization platform OpenEden, according to a Thursday release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Assets backing the tokens will be invested in short-dated U.S. Treasuries and reverse repurchase agreements (repos) collateralized by U.S. Treasuries. Repos are securities sold with an agreement to repurchase them at a higher price at a specified future date.
The tokenization of tangible real-world assets and traditional financial securities is a growing sector of the crypto industry. It allows traditional assets, especially private and alternative assets, to be issued, managed, and distributed in a way that is considered more efficient than their off-chain counterparts.
News alert – tokenization platform @OpenEden_Labs is bringing tokenized US Treasury bills (T-bills) to the #XRPL! What's more, Ripple is creating a fund to invest in tokenized T-bills, and will allocate USD$10M to OpenEden’s TBILL tokens as part of it. https://t.co/8GsG1Mk3ER
— RippleX (@RippleXDev) August 1, 2024
There are big players involved. In March, BlackRock, the world’s largest fund manager by assets under management, released its USD Institutional Digital Liquidity Fund on the Ethereum blockchain, backing it with U.S. Treasury bills, repo agreements and cash.
Ripple's allocation is part of a larger fund the company will allocate to tokenized T-bills provided by OpenEden and other unspecified issuers. Neither OpenEden nor Ripple Labs specified dates for the fund's allocation in the release.
XRP Ledger (XRPL) is an open-source blockchain that uses the cryptocurrency XRP to facilitate global financial transfers and currency exchanges.
As of Thursday, there are over $780 million worth of funds locked in tokenized versions of U.S. treasuries, as per tracking site rwa.xyz.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
