{"id":35273,"date":"2024-08-01T16:02:40","date_gmt":"2024-08-01T16:02:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/openeden-launches-tokenized-t-bills-on-xrp-ledger-with-10m-investment-from-ripple\/"},"modified":"2024-08-01T16:02:40","modified_gmt":"2024-08-01T16:02:40","slug":"openeden-launches-tokenized-t-bills-on-xrp-ledger-with-10m-investment-from-ripple","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/openeden-launches-tokenized-t-bills-on-xrp-ledger-with-10m-investment-from-ripple\/","title":{"rendered":"OpenEden launches tokenized T-Bills on XRP Ledger with $10M investment from Ripple"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/OpenEden-launches-tokenized-T-Bills-on-XRP-Ledger-with-10M-Investment-from-Ripple-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/OpenEden-launches-tokenized-T-Bills-on-XRP-Ledger-with-10M-Investment-from-Ripple-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/OpenEden-launches-tokenized-T-Bills-on-XRP-Ledger-with-10M-Investment-from-Ripple-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/OpenEden-launches-tokenized-T-Bills-on-XRP-Ledger-with-10M-Investment-from-Ripple-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>OpenEden launches tokenized T-bills on XRP Ledger with Ripple\u2019s $10 million investment.<\/li>\n<li>TBILL tokens are backed by US T-bills and require KYC and AML compliance.<\/li>\n<li>$1.5 billion in tokens, including $609 million XRP, are set to unlock in August.<\/li>\n<\/ul>\n<p>In a groundbreaking move for the intersection of traditional finance (TradFi) and decentralized finance (DeFi), OpenEden, a prominent tokenization platform, has <a href=\"https:\/\/ripple.com\/ripple-press\/openeden-introduces-tokenized-us-treasury-bills-onto-the-xrp-ledger\/?utm_campaign=\">introduced<\/a> tokenized United States Treasury bills (T-bills) on the XRP Ledger (XRPL).<\/p>\n<p>This initiative, supported by a significant $10 million investment from <a href=\"https:\/\/coinjournal.net\/ripple\/what-is-ripple\/\">Ripple<\/a>, marks a significant milestone in the integration of real-world financial instruments with blockchain technology.<\/p>\n<h2>OpenEden\u2019s TBILL tokens<\/h2>\n<p>OpenEden\u2019s TBILL tokens are backed by short-term US government T-bills and reverse repurchase agreements, which are collateralized by US Treasurys.<\/p>\n<p>These tokens offer a secure and regulated way for investors to access T-bills via a decentralized platform.<\/p>\n<p>To ensure compliance with regulatory standards, minters of these tokens will undergo rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) screening processes.<\/p>\n<h2>Growing trend of institutional access to DeFi through tokenization RWAs<\/h2>\n<p>The launch of tokenized T-bills on the XRPL and Ripple\u2019s strategic investment in OpenEden signify a major advancement in the integration of traditional finance with blockchain technology, paving the way for increased institutional participation in decentralized finance.<\/p>\n<p>The tokenized T-bills on the XRPL highlight the growing trend of institutional access to DeFi, driven by the tokenization of real-world assets (RWAs).<\/p>\n<p>Markus Infanger, senior vice president of RippleX, emphasized the significance of this development, stating that the tokenized T-bills exemplify how RWAs are being utilized to create new opportunities and drive utility within the financial ecosystem.<\/p>\n<h2>Ripple has invested in OpenEden<\/h2>\n<p>Ripple\u2019s investment in OpenEden is part of a broader strategy to support the tokenization of TradFi assets on the XRPL.<\/p>\n<p>The XRPL is designed to power institutional-grade financial use cases, reinforcing its role as a robust and decentralized layer-1 blockchain.<\/p>\n<p>Ripple\u2019s commitment to OpenEden\u2019s initiative underscores its belief in the potential of tokenized assets to transform traditional finance.<\/p>\n<h2>$609M worth of XRP tokens to be unlocked in August<\/h2>\n<p>In addition to the launch of tokenized T-bills, the crypto community is also anticipating the unlocking of a substantial amount of tokens in August.<\/p>\n<p>A total of $1.5 billion in tokens are set to be released, including $609 million worth of Ripple\u2019s XRP tokens. Historically, Ripple has unlocked 1 billion tokens on the first day of each month since 2017.<\/p>\n<p>However, there are indications that Ripple may re-lock a significant portion of these newly released tokens, as evidenced by the re-locking of 800 million XRP from its June 1 unlock.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/openeden-launches-tokenized-t-bills-on-xrp-ledger-with-10m-investment-from-ripple\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) OpenEden launches tokenized T-bills on XRP Ledger with Ripple\u2019s $10 million investment. TBILL tokens are backed by US T-bills and require KYC and AML compliance. $1.5 billion in tokens, including $609 million XRP, are set to unlock in August. In a [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":35274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35273"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=35273"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/35273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/35274"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=35273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=35273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=35273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}