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.
Silvergate Capital Corporation, the parent entity of Silvergate Bank, has entered Chapter 11 bankruptcy proceedings in Delaware.
A new digital asset exchange called TrueX is set to launch, backed by a team of former Coinbase executives and utilizing PayPal’s stablecoin for transactions.
On September 18, during an interview at Token2049, Alex Svanevik, CEO of blockchain analytics firm Nansen, shared his insights on the potential impact of the 2024 U.S. presidential election on the cryptocurrency landscape.
Donald Trump and his sons launched their DeFi project, World Liberty Financial (WLFI), during a lengthy X Spaces session on Monday, but the event fell short of expectations.