Ripple is looking to capture a share of the tokenized US Treasury market, currently dominated by Ethereum, as the real-world asset boom shows no signs of slowing down.
The tokenization platform OpenEden announced on Thursday that it will start offering tokenized U.S. Treasury bills (T-bills) on the XRP Ledger (XRPL) for the first time.
OpenEden collects funds from investors to buy short-term U.S. Treasury bills and other reverse repurchase agreements collateralized by Treasuries. These T-bills are converted into digital TBILL tokens stored on the XRPL blockchain.
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#undefined [Source: TheDefiant]