Ripple’s RLUSD stablecoin is being integrated into tokenized money-market funds from BlackRock and VanEck, giving holders of the products a direct redemption path into on-chain liquidity. Through a new smart contract on Securitize’s platform, investors in BlackRock’s BUIDL and VanEck’s VBILL funds can now swap their shares for RLUSD on demand, creating what Ripple calls a 24/7 stablecoin off-ramp for tokenized treasuries. The move positions RLUSD as a settlement layer for real-world assets (RWA) while br ...

Ripple, XRP. Photo by BeInCrypto Ripple and Securitize announced a smart contract. It lets holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized Treasury funds redeem shares for Ripple USD (RLUSD). The feature creates a regulated off-ramp that works 24/7. It gives institutional investors instant settlement and programmable liquidity. Ripple and Securitize enable institutional off-ramp BlackRock launched the USD Institutional Digital Liquidity Fund (BUIDL) in March 2024. It surpassed $1 billion in ass ...