JAKARTA Ripple, a blockchain technology company known for its XRP crypto assets, is expanding its reach. This time, they collaborated with OpenEden, a real-world asset provider (RWA), to bring the United States government's (T-bills) debt securities to the XRP Ledger (XRPL) blockchain platform.
This partnership, announced on Wednesday, July 31, allows XRPL users to transact with T-bills that have been converted into digital shapes or tokens. This step is expected to attract more institutions to invest in decentralized finance (DeFi).
By turning traditional assets such as T-bills into digital tokens, the transaction process becomes more efficient and transparent. In addition, tokenization also opens up opportunities for investors to own smaller parts of assets that are usually only available to large investors.
"T-bills tokenization into XRPL is a clear proof of how traditional real-world assets can be integrated into the DeFi world," said Ripple's representative.
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Ripple demonstrated its commitment to this project by investing 10 million US dollars (equivalent to Rp162.5 billion) into the TBILL OpenEden token. This investment is proof of Ripple's trust in the potential for RWA tokenization.
"Institutions are increasingly looking for ways to digitize their assets, and XRP Ledger, with the support of OpenEden, is one of the main options for tokenization of real-world assets," said Markus Infanger, senior vice president at RippleX.
The collaboration between Ripple and OpenEden has great potential to change the financial market landscape. With T-bills tokenization, investors can access global financial markets more easily and quickly. In addition, this step can also increase market liquidity.
Ripple and OpenEden's partnership is a significant step in the integration of real-world assets (RWA) into the blockchain world. With T-bills tokenization, Ripple not only expands Ledger's XRP utility but also opens the door for wider institutional adoption of decentralized financial solutions aka DeFi.
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