OpenEden Labs is tokenizing U.S. Treasury bills on the XRP Ledger, and Ripple is backing it with a $10 million fund to buy the tokens. It shows real institutional use for XRP, though that doesn't guarantee the price will jump.
Huge breaking news for XRP. XRP is about to tokenize US Treasury bills on the XRP Ledger. This is being done by OpenEden Labs, and basically they're making a tokenized version of these T-bills. Even further, Ripple, the centralized company, is creating a fund to invest $10 million into these T-bill tokens. Will this move the XRP price? Probably not. Is this extremely cool and extremely bullish news? Yes. Two things can be true at the same time. This doesn't have to move the XRP price and it can be bullish. But just so you know exactly what's happening here, an independent company is going onto the XRP Ledger tokenizing US Treasury bills, and then Ripple is investing in their own fund $10 million into those T-bill tokens.
