Ripple is making significant strides in bridging traditional finance with blockchain technology through its stablecoin, RLUSD. The company recently announced that RLUSD is now integrated with Securitize, a platform that facilitates the conversion of assets within tokenized funds into RLUSD. This integration is designed to streamline the process for investors, allowing them to seamlessly exchange their holdings for the stablecoin.
A key element of this integration is a smart contract that enables holders of BlackRock’s BUIDL fund and VanEck’s VBILL product to convert their shares into RLUSD at any time. These funds represent some of the earliest tokenized short-term investment vehicles operating on public blockchains. This functionality provides a novel exit strategy for investors, ensuring they remain connected to profitable on-chain strategies and decentralized finance (DeFi) opportunities. Support for BUIDL is already live, with VBILL compatibility expected to follow shortly.
Executives at Ripple view this partnership as a natural extension of their corporate strategy for stablecoins. Jack McDonald, Senior Vice President of Stablecoins at Ripple, emphasized that RLUSD was developed with a focus on regulatory clarity and institutional trust, positioning it as a vital tool for liquidity and settlement.
Securitize, in turn, highlights the advantages of programmable liquidity and expedited transaction finality for tokenized real-world assets. Carlos Domingo, CEO of Securitize, stated that the integration of RLUSD promotes institutional adoption by enabling compatible real-time transfers between investment products.
Since its launch in late 2024, RLUSD has emerged as a prominent corporate stablecoin, backed by a New York State license, independent audits, and stringent reserve management. It is fully collateralized 1:1 with U.S. dollar liquid assets and has surpassed $700 million in circulation, finding applications in DeFi, cross-border payments, and liquidity pools.
By incorporating RLUSD into Securitize’s tokenization ecosystem and expanding its presence on the XRP Ledger, this partnership aims to establish stable and transparent on-chain settlement as a foundational element of institutional finance.
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