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.
Alameda Research, the trading arm linked to the now-bankrupt crypto exchange FTX, has taken legal action against Waves founder Aleksandr Ivanov and his associated companies, aiming to recover at least $90 million.
Bitget Wallet, a non-custodial crypto wallet by the Bitget exchange, is pushing forward with its mission to accelerate crypto adoption, particularly within Telegram’s ecosystem.
On November 8, the ongoing battle between Ripple and the SEC took a dramatic turn.
Ethereum’s recent price surge to around $3,200 has sparked significant activity among major investors, including Tron founder Justin Sun, who recently sold a portion of his holdings.