Overview

• Securitize’s new smart contract now lets qualified investors redeem BlackRock’s BUIDL shares for RLUSD on demand, with VBILL support slated to go live in the coming days.
• Initial redemptions run on Ethereum, and Securitize says XRP Ledger integration is planned to broaden access and utility.
• The feature creates continuous, programmable liquidity and real-time settlement for tokenized short-term treasury funds.
• Ripple says RLUSD is 1:1 backed by high-quality liquid assets under a NYDFS trust company charter with segregated reserves and third-party attestations.
• Market data pegs RLUSD’s circulation around $740–741 million, while RWA.xyz reports BUIDL at roughly $2 billion AUM and VBILL near $74 million.