OpenEden introduces tokenized U.S. debt to XRP Ledger and receives $10 million investment from Ripple

Odaily News Tokenization platform OpenEden announced the first introduction of tokenized U.S. Treasuries (T-bills) to the XRP Ledger (XRPL). OpenEden's TBILL token invests in short-term U.S. Treasuries and reverse repurchase agreements, ensuring the highest security and regulatory compliance. Ripple will allocate $10 million to invest in OpenEden's TBILL tokens as part of a larger fund. RippleX Senior Vice President Markus Infanger said this demonstrates new opportunities for tokenization of real-world assets and strengthens XRPL's position as a leading blockchain. OpenEden recently tokenized U.S. Treasuries with a total locked value (TVL) of more than $75 million and received an investment-grade "A" rating from Moody's. OpenEden co-founder Jeremy Ng said users will be able to mint TBILL tokens through stablecoins, including the upcoming Ripple USD. Ripple also announced a partnership with Archax to bring more tokenized real-world assets to XRPL.