Particle.news
Download on the App Store
9 ARTICLES
·
2h ago

Ripple, Securitize Launch RLUSD Off-Ramp for BlackRock’s BUIDL, With VBILL Support Coming

The integration channels tokenized fund shares into a regulated, 1:1 dollar-backed stablecoin to deliver enterprise-grade liquidity.

stablecoin dollar payment
Image
Ripple connects blackrock’s buidl to rlusd as institutional tokenization accelerates
Image

Overview

  • RLUSD redemption is live for BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), with VanEck’s VBILL slated to follow in the coming days.
  • A Securitize smart contract enables 24/7 conversion of tokenized fund shares into RLUSD, providing instant liquidity, real-time settlement, and programmable flows.
  • RLUSD is issued under a New York Department of Financial Services trust charter and is backed 1:1 by high-quality liquid assets with third‑party attestations.
  • Ripple reports RLUSD’s market capitalization at roughly $740–741 million since its late‑2024 launch, targeting institutional use cases and compliance needs.
  • Securitize says it is integrating the XRP Ledger, a move that could bring BUIDL to XRPL and expand RLUSD’s distribution across tokenized real‑world assets.