Finance
Ripple News: Ondo Finance Brings Its $185M Tokenized Treasury to XRP Ledger Network
Ondo Finance, a tokenized real-world asset platform, is bringing its $185 million U.S. Treasury token to the enterprise-focused XRP Ledger network to expand the offering for institutions, the companies said Tuesday.
The Ondo Short-Term US Government Treasuries (OUSG) token is backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and allows qualified investors to mint and redeem tokens around the clock near instantaneously using the Ripple’s RLUSD stablecoin. The deployment is set to go live within the next six months, Ondo Finance said in a blog post.
Both Ripple, the creator of XRP Ledger, and Ondo Finance committed seed investments in the token on the XRP Ledger for initial liquidity. They did not reveal the size of the allocations.
Tokenization of real-world assets (RWA) is a rapidly growing industry that involves representing traditional finance assets such as bonds, credit and funds on a blockchain. Participants do so in pursuit of faster settlements and increased efficiency compared with traditional banking plumbing.
Tokenized versions of U.S. Treasury notes spearheaded the trend, and have more than quadrupled over the past year to become a $3.5 billion asset class, rwa.xyz data shows.
“The 24/7 intraday settlement enabled by tokenized assets like OUSG marks a transformative shift in capital flow management, breaking free from traditional trading hours and slow settlements,” Markus Infanger, a senior vice president of RippleX, an XRP Ledger development firm, said in a statement. “These low-risk, high-quality liquidity options not only provide better accessibility for investors but also introduce greater stability to blockchain-based markets.
OUSG follows OpenEden’s TBILL as the second tokenized treasury product available on XRP Ledger. OUSG previously was available on Ethereum, Polygon and Solana.
Finance
Raymond James Financial Inc (RJF) Q1 2025 Earnings Call Highlights: Record Revenues and …
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Net Revenue: Record $3.54 billion for the first fiscal quarter.
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Net Income: $599 million available to common shareholders.
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Earnings Per Share (EPS): Record $2.86 per diluted share.
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Adjusted Net Income: $614 million or $2.93 per diluted share, excluding acquisition-related expenses.
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Return on Common Equity: Annualized 20.4%.
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Adjusted Return on Tangible Common Equity: Annualized 24.6%.
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Client Assets Under Administration: Increased 14% year over year to $1.56 trillion.
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Private Client Group Assets: Record $877 billion.
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Financial Assets Under Management: Nearly unchanged at $244 billion.
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Domestic Net New Assets: $14 billion, representing a 4% annualized growth rate.
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Recruitment: Financial advisers with $318 million of trailing 12-month production and $51 billion of client assets recruited over the past 12 months.
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Cash Sweep and Enhanced Savings Balances: $59.7 billion, a 3% increase over the previous quarter.
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Bank Loans: Grew 3% to a record $47.2 billion.
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Private Client Group Pretax Income: $462 million on record net revenue of $2.55 billion.
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Capital Markets Net Revenue: $480 million with a pretax income of $74 million.
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Asset Management Pretax Income: Record $125 million on record net revenues of $294 million.
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Bank Segment Net Revenue: $425 million with a pretax income of $118 million.
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Compensation Expense: $2.27 billion with a total compensation ratio of 64.2%.
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Non-Compensation Expenses: $516 million, a 5% sequential decrease.
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Pretax Margin: 21.2% with an adjusted pretax margin of 21.7%.
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Total Assets: $82.3 billion, a 1% sequential decline.
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Effective Tax Rate: 19.9% for the quarter.
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Dividend Increase: 11% to $0.50 per share.
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Stock Repurchase Authorization: Up to $1.5 billion.
Release Date: January 29, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Raymond James Financial Inc (NYSE:RJF) achieved record net revenues of $3.54 billion for the first fiscal quarter, showcasing the strength of its diverse and complementary businesses.
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The firm reported a strong annualized return on common equity of 20.4% and an annualized adjusted return on tangible common equity of 24.6%.
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Total client assets under administration increased 14% year over year to $1.56 trillion, indicating robust growth in client assets.
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The Private Client Group generated pretax income of $462 million on record quarterly net revenue of $2.55 billion, driven by higher PCG assets under administration.
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Raymond James Financial Inc (NYSE:RJF) has a strong recruiting pipeline, with financial advisers bringing approximately $318 million of trailing 12-month production and $51 billion of client assets to the firm over the past year.
Finance
Voya Financial declares common and preferred stock dividends
NEW YORK, January 30, 2025–(BUSINESS WIRE)–Voya Financial, Inc. (NYSE: VOYA) announced today that its board of directors has declared a common stock dividend of $0.45 per share for the first quarter of 2025. The common stock dividend is payable on March 27, 2025, to shareholders of record as of Feb. 25, 2025.
Additionally, Voya’s board declared a semi-annual dividend of $38.79 per share on the company’s Series A 7.758% fixed-rate reset non-cumulative preferred stock (the “Series A Preferred Stock”). The board also declared a quarterly dividend of $13.3750 per share on the company’s Series B 5.35% fixed-rate reset non-cumulative preferred stock (the “Series B Preferred Stock”), equivalent to $0.334375 per depositary share, each of which represents a 1/40th ownership interest in a share of Series B Preferred Stock. The first quarter preferred stock dividends are payable on March 17, 2025, to shareholders of record as of Feb. 25, 2025.
About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA) is a leading health, wealth and investment company with approximately 9,000 employees who are focused on achieving Voya’s aspirational vision: “Clearing your path to financial confidence and a more fulfilling life.” Through products, solutions and technologies, Voya helps its 15.2 million individual, workplace and institutional clients become well planned, well invested and well protected. Benefitfocus, a Voya company and a leading benefits administration provider, extends the reach of Voya’s workplace benefits and savings offerings by engaging directly with over 12 million employees in the U.S. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and committed to conducting business in a way that is economically, ethically, socially and environmentally responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies® by Ethisphere; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Instagram.
VOYA-IR VOYA-CF
View source version on businesswire.com: https://www.businesswire.com/news/home/20250130274359/en/
Contacts
Media Contact:
Donna Sullivan
(860) 580-2980
Donna.Sullivan@voya.com
Investor Contact:
Mei Ni Chu
(212) 309-8999
IR@voya.com
Finance
Jean Chatzky on the growing interest in personal finance education
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