Overview

• Securitize enabled smart-contract redemptions that let holders of BlackRock’s BUIDL and VanEck’s VBILL exchange tokenized shares for RLUSD.
• Support for BUIDL is live now, with VBILL integration rolling out in the coming days, according to the companies.
• Redemptions operate around the clock to provide instant liquidity into RLUSD, Ripple’s dollar-pegged stablecoin launched in December.
• CoinGecko data cited in reporting pegs RLUSD’s market capitalization at about $740 million, while RWA.xyz shows BUIDL near $2 billion with roughly 90 investors and VBILL around $74 million with 14 holders.
• Products issued through Securitize are not yet on the XRP Ledger, and the firm says it will expand XRPL access and add more on-chain assets after previously integrating USDC for BUIDL subscriptions.