Overview

• Securitize now lets qualified holders of BlackRock’s BUIDL redeem tokenized shares for RLUSD around the clock, with VanEck’s VBILL support rolling out in the coming days.
• The new workflow runs on Ethereum and is presented as instant, real-time settlement for tokenized treasuries, with Securitize planning integration with the XRP Ledger.
• Ripple describes RLUSD as issued under an NYDFS trust charter with 1:1 backing by cash and U.S. Treasurys, segregated reserves held at BNY Mellon, and third‑party attestations.
• RLUSD’s circulating value is reported at roughly $740–742 million, while BUIDL is about $2 billion and VBILL roughly $74 million, according to data cited in the coverage.
• Ripple positions the off‑ramp as part of a broader institutional push for on‑chain liquidity, following recent collaborations referenced with DBS and Franklin Templeton.