Tokenisation & RWA

Ondo Finance

A tokenised-finance platform whose OUSG product is available on the XRP Ledger.

ActiveConfirmedUnited States
Official website @OndoFinance on XGitHub

OVERVIEW

What Ondo Finance does

Ondo Finance develops tokenised financial products. Its OUSG token, which provides eligible investors exposure to a portfolio of short-term US Treasury-related funds, is deployed on XRPL. Access and eligibility restrictions apply. OUSG can use RLUSD for subscriptions and redemptions on XRPL; that relationship does not make OUSG an XRP-backed product.

EVIDENCE-LED CLASSIFICATION

Ripple, XRPL and XRP relationships

Ripple relationship

Partner

This describes the documented company relationship only.

XRPL relationship

Issues assets on XRPL

This describes how the entity builds on, uses or supports the ledger.

XRP relationship

No known direct XRP usage

This is assessed separately from company and network adoption.

TIMELINE

Key milestones

  1. OUSG launched on XRPL

    Ondo announced that qualified purchasers could access OUSG on XRPL.

PRIMARY EVIDENCE

Sources

  • Ondo smart contract and token addressesOfficial documentation · Accessed 2026-09-15
    Open source
  • OUSG technical documentationOfficial documentation · Accessed 2026-09-15
    Open source

KEEP EXPLORING

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Infrastructure

XRP Ledger

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