Ripple (https://www.coindesk.com/business/2024/08/01/ripple-to-allocate-10m-to-tokenized-us-treasury-bills-on-xrp-ledger/) has announced a $10 million allocation to tokenized U.S. Treasury bills (T-bills) on the XRP Ledger, marking the first issuance of such tokens on the platform. This initiative, facilitated by the tokenization platform OpenEden, will issue TBILL tokens to invest in short-dated U.S. Treasuries and reverse repurchase agreements (repos) collateralized by U.S. Treasuries. The move aligns with a growing trend in the crypto industry towards the tokenization of tangible real-world assets and traditional financial securities, which is seen as a way to enhance efficiency in asset management and attract significant players like BlackRock. Ripple's allocation is part of a broader fund targeting tokenized T-bills from OpenEden and other issuers, although specific dates for the fund's allocation were not disclosed. Currently, over $780 million worth of funds are locked in tokenized versions of U.S. Treasuries, reflecting the increasing interest in this sector.