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1h ago

Ripple and Securitize Enable 24/7 RLUSD Redemptions From BlackRock’s BUIDL

A smart contract on Securitize converts tokenized fund shares into the NYDFS‑chartered stablecoin to automate institutional liquidity.

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Ripple connects blackrock’s buidl to rlusd as institutional tokenization accelerates
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Overview

  • Support for BlackRock’s BUIDL is live, with VanEck’s VBILL integration scheduled to roll out in the coming days.
  • The on-chain feature offers qualified investors an instant off-ramp from tokenized money-market funds to RLUSD, enabling real-time settlement and DeFi use cases.
  • Securitize plans to connect these tokenized funds to the XRP Ledger, which would expand access and utility for RLUSD and XRPL participants.
  • RLUSD has grown to roughly $740–741 million in market value since its December 2024 debut and is issued under an NYDFS trust charter with 1:1 reserves and third-party attestations.
  • Scale context: BUIDL holds about $2 billion across roughly 90–91 investors on multiple chains, while VBILL is about $74 million with around 14 holders.