The XRP Ledger, in partnership with Ripple and OpenEden, is set to offer tokenized US Treasury bills (T-bills), marking a significant step in merging traditional finance with blockchain technology.
These TBILL tokens, backed by US government debt, will be available on the XRPL, providing secure and innovative investment opportunities.
Ripple is investing $10 million into OpenEden’s TBILL tokens, aiming to enhance the utility of real-world assets in the decentralized finance (DeFi) space.
The XRPL’s robust infrastructure, featuring Automated Market Maker (AMM) and Decentralized Identifiers (DID), supports this initiative.
The partnership also seeks to expand DeFi access for institutional investors, with future plans to mint TBILL tokens using stablecoins like the upcoming Ripple USD.
Ripple’s collaboration with regulated digital asset exchange Archax further underscores the potential for integrating significant real-world assets onto the XRPL.
This move signifies a major evolution in DeFi, offering a seamless blend of traditional financial instruments and blockchain innovation.
The SEC has sought a four-month extension in its investigation related to Coinbase, pushing the deadline to February 2024, just after the US presidential election.
DZ Bank, Germany’s second-largest financial institution, has teamed up with Boerse Stuttgart Digital to offer cryptocurrency trading and custody services across its network of cooperative banks.
Charles Hoskinson, founder of Cardano, will meet with Argentina’s President Javier Milei in October to discuss blockchain’s role in shaping future economies.
Binance has seen a sharp rise in interest from institutional and corporate investors, with a 40% increase in participation this year, according to CEO Richard Teng.