Institutions Move $333M in US Treasury Debt On-Chain via XRP Ledger

Gate News message, April 22 — Blockchain-based tokenization of U.S. Treasuries is gaining institutional traction on the XRP Ledger (XRPL), with approximately $333 million already deployed across live institutional products. Four institutional-grade offerings are currently active, driven by established financial institutions overseeing trillions in assets.

Ondo Finance’s Short-Term US Government product leads with $221.8 million, backed by BlackRock’s BUIDL fund and supported by 24/7 minting through RLUSD. OpenEden’s T-Bill Vault follows with $55.2 million in tokenized short-term Treasury exposure. Guggenheim Treasury Services has deployed $40.2 million in tokenized debt instruments, while abrdn allocated $15.9 million from its Liquidity Fund, part of a broader $600 billion asset management platform.

The broader U.S. Treasury market stands at roughly $31 trillion, placing current tokenized assets at under 0.01% penetration. XRPL settles transactions in 3–5 seconds with fees under a cent, combined with built-in compliance tools designed for regulated financial flows. On the real-world asset (RWA) segment, Ethereum currently hosts approximately $79.8 million in tokenized U.S. Treasury assets, while XRPL has grown to roughly $55.3 million, narrowing the gap. Development on XRPL is also extending to post-quantum security at the protocol level, signaling focus on institutional-grade durability.