Tokenization platform OpenEden announced that it will launch tokenized US Treasury bills (TBILL) on the XRP Ledger (XRPL). 
At this point, XRP Ledger recently partnered with OpenEden to offer tokenized US Treasury bonds and invested $10 million in OpenEden's TBILL tokens as part of a larger fund. 
Under the partnership, Treasury bills backed by the Treasury Department will be available as TBILL tokens on XRPL. 
RippleX Senior Vice President Markus Infanger emphasized the importance of this development and said: 
“Tokenized U.S. Treasury bills demonstrate the potential of real-world assets to drive utility and new opportunities on decentralized platforms.” 
OpenEden co-founder Jeremy Ng stated that users will be able to mint TBILL tokens using stablecoins, including the upcoming Ripple USD. 
Those issuing TBILL tokens under the partnership will comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure security and compliance measures are maintained. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/attention-xrp-community-ripple-announces-its-new-partnership-and-investment/">Attention XRP Community: Ripple Announces Its New Partnership and Investment!</a>

Attention XRP Community: Ripple Announces Its New Partnership and Investment!

Bitcoin Sistemi EN

Other articles published on Aug 1, 2024

Dominasi Bitcoin Meningkat, Altcoin Siap untuk Melejit

Pepe Coin’s Recent Surge: Decoding Market Movements in the Best Ongoing Presales in 2024

Hamilton Lane With $900B AUM Unveils SCOPE Fund on Solana

El Salvador Proposes Crypto Trade with BRICS

BlackRock Reveals Its Latest BTC Holdings Over 342K BTC

Bitcoin Experiences Significant Decline Amid Market Turbulence

Join our free newsletter for daily crypto updates!