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<ul> 
 <li>RippleX partners with OpenEden to bring tokenized US Treasury bills to the XRP Ledger.</li> 
 <li>OpenEden surpasses USD $75 million in TVL for tokenized US Treasury bills.</li> 
</ul> 
RippleX has <a href="https://x.com/RippleXDev/status/1818831692829757710">announced</a> that the tokenization platform OpenEden will add tokenized US Treasury bills to the XRP Ledger (XRPL). Short-term US T-bills and reverse repurchase agreements collateralized by the US Treasury back OpenEden’s TBILL token. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 News alert – tokenization platform <a href="https://twitter.com/OpenEden_Labs?ref_src=twsrc%5Etfw">@OpenEden_Labs</a> is bringing tokenized US Treasury bills (T-bills) to the <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw">#XRPL</a>! 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. <a href="https://t.co/8GsG1Mk3ER">https://t.co/8GsG1Mk3ER</a> 
 — RippleX (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1818831692829757710?ref_src=twsrc%5Etfw">August 1, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-ripple-invests-10-million-in-openeden-s-tbill-tokens-to-boost-tokenized-t-bills-on-xrpl-strong">Ripple Invests $10 Million in OpenEden’s TBILL Tokens to Boost Tokenized T-Bills on XRPL&nbsp;</h2> 
Ripple, a leader in enterprise crypto and blockchain solutions, will also invest USD $10 million in OpenEden’s TBILL tokens. This allocation is part of a bigger fund that <a style="color: #008000;" href="https://www.crypto-news-flash.com/ripples-xrp-surges-on-settlement-optimism-price-hits-0-65-with-eyes-on-0-90/">Ripple</a> will use to support tokenized T-bills issued by OpenEden and other issuers. 
“OpenEden’s tokenized US Treasury bills represent another exciting example of how all types of real-world assets are being tokenized to drive utility and new opportunities,” said Markus Infanger, Senior Vice President, RippleX. He added: 
<blockquote>
 “Institutions are increasingly looking at where to tokenize their real-world assets and the arrival of T-bills on the XRPL powered by OpenEden reinforces the decentralized Layer 1 blockchain as one of the leading blockchains for real-world asset tokenization.”
</blockquote> 
XRPL is intended to facilitate institutional-grade financial use cases. Its proven dependability, efficiency, and comprehensive feature roadmap, which includes capabilities such as Automated Market Maker (AMM), the upcoming Decentralized Identifier (DID), Multi-Purpose Tokens (MPT), Lending Protocol, and native Oracle support, serve as a solid foundation for the tokenization of real-world assets (RWA) and institutional-level decentralized finance. 
OpenEden has topped USD $75 million in Total Value Locked (TVL) for its tokenized US T-bills, indicating increased market confidence in its technique for earning on-chain payouts from RWAs. 
Moody’s has given OpenEden’s tokenized US Treasury its first and only investment-grade “A” rating. Jeremy Ng, co-founder of OpenEden, stated: 
<blockquote>
 “OpenEden has attracted a wide range of institutional clients, including foundations, corporate treasuries, and buy-side funds, contributing to a stable and diversified user base.”
</blockquote> 
Meanwhile, CNF <a style="color: #008000;" href="https://www.crypto-news-flash.com/ripple-and-fenasbac-announce-strategic-partnership-to-enhance-blockchain-ecosystem-in-brazil/">stated</a> that Ripple and Fenasbac have joined forces to advance fintech innovation in Brazil through the Next Accelerator program, with an emphasis on blockchain solutions. This collaboration will support two fintech businesses that use XRPL for treasury management, asset tokenization, payments, and lending. 
In the midst of these developments, XRP is trading at $0.6077, down 6.50% over the last 24 hours after bouncing from $0.650. Despite the bearish position, we previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/xrps-volatility-hits-record-low-could-a-60000-rally-follow-a-potential-settlement-in-ripple-vs-sec-case/">reported</a> that the price of XRP is following a trend similar to that seen in 2018, shortly before an amazing gain of 60,000%. 
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RippleX and OpenEden Introduce Tokenized US T-Bills on XRPL

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