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 latest WuBlockchain Weekly report captures a high-volatility week in crypto. From Bitcoin’s new all-time high to controversy around Pump.fun’s presale and Elon Musk’s political Bitcoin endorsement, markets are witnessing sharp shifts in momentum and policy.
U.S. financial circles are bracing for a potential shake-up as reports suggest Federal Reserve Chair Jerome Powell is considering stepping down.
Gold advocate Peter Schiff issued a stark warning on monetary policy and sparked fresh debate about Bitcoin’s perceived scarcity. In a pair of high-profile posts on July 12, Schiff criticized the current Fed rate stance and challenged the logic behind Bitcoin’s 21 million supply cap.
Changpeng Zhao, the former CEO of Binance, reportedly supported crypto projects linked to the Trump family while privately seeking a presidential pardon, according to a July 11 report by Bloomberg News.