Crypto Market Update: Senate Pressed for Action on CLARITY Act
Stablecoins
Ripple has launched Ripple Mint, a dedicated platform enabling institutional clients to mint, redeem, and manage its U.S. dollar-pegged stablecoin, RLUSD. This infrastructure supports both manual and automated workflows, facilitating the integration of stablecoins into corporate payments and treasury management. Concurrently, Ondo Finance’s broker-dealer subsidiary, Oasis Pro Markets, received authorization to offer tokenized equities, ETFs, and mutual funds to U.S. investors under SEC and FINRA oversight. These developments represent a significant expansion of institutional-grade RWA infrastructure, moving beyond speculative assets toward functional financial tools. Ripple’s RLUSD has reached a market capitalization exceeding $1.8 billion, while Ondo’s platform has processed over $20 billion in volume. These milestones highlight the growing trend of traditional financial institutions adopting blockchain-based rails for asset management and settlement. The integration of these tools into existing brokerage systems underscores the maturation of the RWA market as it seeks to bridge the gap between legacy finance and digital asset efficiency.
Key points
- ▸Ripple Mint provides institutional tools for minting and managing the RLUSD stablecoin.
- ▸Oasis Pro Markets gained SEC/FINRA approval to offer tokenized equities and funds.
- ▸RLUSD reached a peak market capitalization of over $1.8 billion in June 2026.
- ▸Ondo Stocks has processed over $20 billion in total volume to date.
Background
Ripple is a blockchain-based fintech company known for its payment protocol and the XRP Ledger, which focuses on cross-border settlement. Ondo Finance is a protocol specializing in the tokenization of real-world assets, primarily offering yield-bearing products and tokenized versions of traditional financial instruments like U.S. Treasuries and equities.
Relevance
8/10