Securitize to Integrate RLUSD with XRP Ledger, Connecting BlackRock’s BUIDL Fund
- Securitize plans to integrate with the XRP Ledger (XRPL), potentially bringing BlackRock’s $2 billion USD Institutional Digital Liquidity Fund (BUIDL) onto the blockchain.
- This integration will enable investors to exchange shares in tokenized funds like BUIDL and VanEck’s VBILL for RLUSD around the clock.
- XRPL has recently gained traction among institutional adopters including Guggenheim and Dubai Land Registry, ranking among the top ten blockchains for real-world asset (RWA) activity.
- Ripple’s roadmap positions XRPL and its assets as key infrastructure for stablecoin payments and collateralized lending.
- The RLUSD integration is already live for BUIDL, with support for VBILL expected soon.
The collaboration between Ripple and Securitize highlights the growing intersection of institutional finance and blockchain technology, particularly through the use of stablecoins like RLUSD in tokenized asset exchanges.
With BlackRock’s BUIDL fund potentially entering XRPL, this marks a significant milestone in institutional adoption of blockchain solutions in capital markets. (Source)
