ELYSIA Plans to Launch US Treasury Bills (TBILL Tokens) on the XRP Ledger Blockchain Network

ELYSIA, a leading real-world asset (RWA) tokenization firm, plans to launch US Treasury Bills (TBILL tokens) on the XRP Ledger blockchain network.

ELSYSIA, a major real-world asset (RWA) tokenization company, is set to launch US Treasury Bills (TBILL tokens) on the XRP Ledger blockchain network. The company aims to combine the best aspects of decentralized finance (DeFi) and traditional finance (TradFi) through RWA tokenization.

In a post on X (formerly Twitter), ELYSIA announced that users will be able to stake XRP to receive TBILL tokens and earn yield from the underlying asset, beginning early next week. This adds more utility to the XRP digital asset, which has seen a massive surge in the past few weeks, reaching 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

The first tranche will open on December 19th at 03:00 UTC, in collaboration with VASP-licensed Infiniteblock. This marks the first time an RWA project will be present on the XRP Ledger blockchain network in South Korea. According to the announcement, this is the “first of many RWA-focused products” that the company plans to launch in the region.

Furthermore, ELYSIA offers products that integrate Ripple’s latest RLUSD, the stablecoin that is pegged to the US dollar. The RWA project is set to “showcase the potential of tokenizing real-world assets for XRP Ledger users” with the upcoming launch of RLUSD, which recently received approval from the New York Department of Financial Services.

XRP Price AnalysisToday, 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, according to data from CoinMarketCap. The digital asset has seen a 257.97% increase in the last 30 days and reached a multi-year high of $2.86.

A glance at the daily chart reveals that XRP is encountering resistance at the $2.40 level. The digital asset has been trading within a range for the past few days, with limited directional movement. However, the bulls are still in control, as indicated by the higher lows on the chart.

The Relative Strength Index (RSI) for XRP stands at 62.94, indicating that the bulls are leading the digital asset’s price action. The flattening of the line suggests that the sideways movement will likely continue in the short term before XRP makes another push higher.

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