ELYSIA, a leading real-world asset (RWA) tokenization firm, plans to launch US Treasury Bills (TBILL tokens) on the XRP Ledger blockchain network. The firm wants to bring the best of decentralized finance (DeFi) and traditional finance (TradFi) together through RWA tokenization.
In a post on X (formerly Twitter), ELYSIA said that by early next week, users can stake XRP to receive TBILL tokens and earn yield from the underlying asset. This gives the XRP digital asset more utility, which has grown massively in the past few weeks, hitting multi-year highs.
Elysia is pleased to introduce our latest tokenized real-world asset: U.S. Treasury Bills on the XRP Ledger.
Beginning next week, users can stake XRP to receive TBILL tokens and earn yield from the underlying asset.
Our first tranche opens on December 19 at 03:00 UTC, in… pic.twitter.com/gFp7NMD1uI— ELYSIA (@ELYSIA_HQ) December 13, 2024
The first tranche opens on December 19th at 03:00 UTC in collaboration with VASP-licensed Infiniteblock. This is the first time an RWA project appears on the XRP Ledger blockchain network in South Korea. This marks the “first of many RWA-focused products” that the firm plans to release in the region.
In addition, ELYSIA offers products involving Ripple’s latest RLUSD, the stablecoin pegged to the US dollar. The RWA project aims to “showcase the potential of tokenizing real-world assets for XRP Ledger users” with the upcoming launch of RLUSD, which recently got approval from the New York Department of Financial Services.
XRP Price Analysis
According to the data from CoinMarketCap, XRP trades at $2.34, down 3.64% in the past 24 hours and 38.9% from its all-time high of $3.84 seven years ago. The digital asset jumped 257.97% in the last 30 days and reached a multi-year high of $2.86.
The Relative Strength Index (RSI) for XRP is 62.94, which means the bulls control the digital asset’s price action. The line’s direction suggests sideways movement will continue in the short term before the digital asset goes higher.
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