According to @zachxbt, BlackRock did not invest in or back the XRP Ledger (XRPL), and claims suggesting BlackRock support for XRP (XRP) are misleading (source: @zachxbt on X, Aug 11, 2025). According to @zachxbt, Ondo Finance’s Ondo Short-Term U.S. Government Treasuries (OUSG) is an Ondo product, and Ondo is simply leveraging BlackRock’s tokenized products for exposure, which does not imply any BlackRock investment in or backing of XRPL (source: @zachxbt on X, Aug 11, 2025). For trading decisions, narratives linking XRP (XRP) to direct BlackRock backing should be treated as false per this clarification when assessing catalysts and flows (source: @zachxbt on X, Aug 11, 2025).