Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Ripple will allocate $10 million in tokenized U.S. Treasury bills on the XRP Ledger, marking the first issuance of such tokens on the platform.
Payments network Ripple will allocate $10 million to a tokenized version of U.S. Treasury bills that will become available on the XRP Ledger for the first time. The tokenization of tangible real-world assets and traditional financial securities is a growing sector of the crypto industry. It allows traditional assets, especially private and alternative assets, to be issued, managed, and distributed in a way that is considered more efficient than their off-chain counterparts.
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