Ondo Finance All Set to Build “Wall Street 2.0” on Ripple’s XRP Ledger

Ondo Finance is partnering with Ripple to bring tokenized US Treasuries to the XRP Ledger Ondo CEO Nathan Allman describes the vision as a “Wall Street 2.0” for institutional DeFi The XRP Ledger was chosen for its 24/7 reliability, a key need for institutional-grade assets Ripple recently featured Ondo Finance CEO Nathan Allman in a public discussion about bringing tokenized U.S. Treasuries, like the popular OUSG, to the XRP Ledger . The conversation is part of a bigger trend in the industry to connect traditional financial products with faster, more transparent blockchain technology. Building “Wall Street 2.0” on the XRP Ledger Nathan Allman, the founder and CEO of Ondo Finance, laid out his firm’s strategy to bridge the gap between institutional finance and blockchain. He described the goal as creating a “Wall Street 2.0,” a new system that combines the established structures of traditional finance with the 24/7 accessibility and efficiency of DeFi. Allman said a key motivation was the stark difference between the old and new systems. Legacy finance often needs multiple days to settle a securities transfer, while decentralized networks can move … The post Ondo Finance All Set to Build “Wall Street 2.0” on Ripple’s XRP Ledger appeared first on Coin Edition .

Source: Coin Edition