Ripple and Securitize Launch RLUSD for Major Tokenized Funds
- Ripple USD (RLUSD) can now be redeemed by holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized funds.
- This integration allows real-time settlement, enhancing liquidity for institutional investors.
- BUIDL manages $74 million in assets, while VBILL is expected to follow soon with RLUSD support.
- RLUSD is backed one-to-one by U.S. dollar liquid assets and is regulated by the New York Department of Financial Services.
- The stablecoin has surpassed $700 million in market capitalization since its launch in late 2024.
The partnership between Ripple and Securitize strengthens the connection between traditional finance and digital assets, providing institutions with a reliable method to convert fund shares into stablecoins like RLUSD. This move aligns with Ripple’s broader strategy to enhance tokenization and stablecoin use within its ecosystem.
With RLUSD now integrated into major tokenized funds, institutional investors gain immediate access to liquidity without traditional redemption delays, further solidifying RLUSD’s role in the financial landscape.(Source)
