Tokenized Treasuries
Plain definition. Tokenized Treasuries are U.S. Treasury paper moved onto a blockchain, such as the XRP Ledger, where investors hold and move them through their own wallets.
Technical definition. An issuer mints Treasury paper onto a chain, and on the XRP Ledger these tokens count as distributed assets, actually held and moved by investors, not represented assets that are recorded on the ledger but held and managed elsewhere. Ondo Finance’s OUSG, for example, is a Treasury fund backed by BlackRock’s BUIDL fund that runs on the ledger with 24/7 minting and redemption. It mints and redeems in Ripple’s RLUSD stablecoin, so buying a tokenized Treasury on the XRP Ledger does not require buying XRP.
On this site
On this site, Tokenized Treasuries comes up in What does BlackRock have to do with XRP?, How big is tokenized repo and collateral movement on other platforms, and where does the XRP Ledger stand? and How do XRP, RLUSD and tokenized Treasuries fit together on one ledger?.
Source
Tokenized Treasuries Are Moving Onto the XRP Ledger: Does the Growth Reach the XRP Price? (finance.yahoo.com), read October 1, 2026.