According to an official press release published on August 1, RippleX, the development arm of Ripple, is partnering with OpenEden Labs to bring tokenized U.S. treasury securities (T-bills) to the XRP ledger (XRPL). OpenEden Labs is a tokenized platform and announced the launch of its TBILL token, which is backed by short-term U.S. treasury securities and reverse repurchase agreements backed by U.S. Treasury bonds.