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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/openeden-partners-with-ripple-to-introduce-tokenized-us-treasury-bills-to-xrp-ledger/" data-wpel-link="internal">OpenEden Partners with Ripple to Introduce Tokenized US Treasury Bills to XRP Ledger</a> 
Developments in the <a href="https://en.coin-turk.com/cameron-winklevoss-proposes-final-offer-to-resolve-1-5b-debt-of-collapsed-genesis/" data-wpel-link="internal">crypto market</a> continue to attract attention. Accordingly, OpenEden recently announced a partnership with Ripple to bring tokenized US Treasury bills to the XRP Ledger ecosystem. This partnership will involve Ripple making a significant $10 million investment in OpenEden’s tokenized product, TBILL. 
<h2 class="p1" style="text-align: justify" id="strong-interest-in-rwa-continues">Strong Interest in RWA Continues</h2> 
RippleX Senior Vice President Markus Infanger highlighted the significant impacts of real-world asset (RWA) tokenizations in an official statement. He noted that institutions are closely examining how to tokenize their RWA assets. Jeremy Ng, co-founder of OpenEden, also expressed his excitement about this initiative. He stated that integrating tokenized assets into the XRP Ledger ecosystem marks an important milestone in the journey of both companies: 
<blockquote> 
 “Buyers will be able to create TBILL assets through stablecoins, including Ripple USD, when it launches later this year.” 
</blockquote> 
In addition to OpenEden’s efforts, Ripple has partnered with Archax, the first crypto asset exchange regulated by the UK’s Financial Conduct Authority. Archax plans to tokenize hundreds of millions of dollars worth of RWA assets in the XRPL ecosystem next year. Data from RWA xyz reveals that as of August 1, TBILL ranks sixth among tokenized US Treasury products with a market value of $90.64 million. 
Treasury bills are short-term US government debt obligations backed by the Treasury Department. They represent a safe and highly liquid asset class, and tokenization provides <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> with seamless access to traditional RWAs through a decentralized platform. 
<h2 class="p1" style="text-align: justify" id="details-on-the-subject">Details on the Subject</h2> 
The tokenized US Treasury market saw significant growth in 2024. Data from RWA xyz shows that the total value of this segment increased from $726.23 million at the beginning of the year to $1.88 billion. BlackRock’s BUIDL and Franklin Templeton’s FOBXX contribute significantly with market values of $522.81 million and $414.3 million, respectively. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-376367 size-full" src="https://coin-turk.com/wp-content/uploads/2024/08/rwa.webp" alt="" width="1786" height="490"> 
Additionally, analysts predict that the market will continue to grow, potentially reaching $3 billion by the end of 2024. Demand from decentralized autonomous organizations (DAOs) and decentralized finance (DeFi) projects seeking stable, risk-free returns within the blockchain ecosystem will drive this growth. Consulting firm McKinsey &amp; Company also forecasts that the market for tokenized financial assets could reach $2 trillion by 2030. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/openeden-partners-with-ripple-to-introduce-tokenized-us-treasury-bills-to-xrp-ledger/" data-wpel-link="internal">OpenEden Partners with Ripple to Introduce Tokenized US Treasury Bills to XRP Ledger</a></h5>
The post <a href="https://en.coin-turk.com/openeden-partners-with-ripple-to-introduce-tokenized-us-treasury-bills-to-xrp-ledger/" data-wpel-link="internal">OpenEden Partners with Ripple to Introduce Tokenized US Treasury Bills to XRP Ledger</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

OpenEden Partners with Ripple to Introduce Tokenized US Treasury Bills to XRP Ledger

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