XRP Ledger introduces tokenized U.S. Treasury Bills

RippleX has announced that OpenEden, a tokenization platform, will introduce tokenized U.S. Treasury bills (T-bills) to the XRP Ledger (XRPL) for the first time.

OpenEden’s TBILL tokens are backed by short-dated U.S. T-bills and reverse repurchase agreements with U.S. Treasury collateral. Ripple notes that it will also invest $10 million in OpenEden’s TBILL tokens.