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HomeCrypto NewsMarketRipple Brings RLUSD to BlackRock's BUIDL Fund

Ripple Brings RLUSD to BlackRock’s BUIDL Fund

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Ripple has formed a new partnership with Securitize, giving investors in BlackRock’s BUIDL fund and VanEck’s VBILL the ability to swap their shares directly for RLUSD. 

According to a press release today, the collaboration introduces smart contract functionality that runs nonstop, creating a reliable liquidity channel for tokenized treasury funds.

Ripple Partners with Scrutinize to Bring RLUSD to BlackRock’s BUIDL

The move is part of Ripple’s effort to connect traditional finance with blockchain-based tools, the firm said. Notably, linking tokenized funds to RLUSD gives investors a stable way to exit while still keeping access to on-chain yields and DeFi strategies.

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Jack McDonald, Ripple’s SVP of Stablecoins, said the firm designed RLUSD with institutions in mind. According to him, the stablecoin boasts regulatory clarity, stability, and security, making it suitable for enterprises that need liquidity without leaving compliance behind. He added that the integration creates new flexibility and utility for tokenized assets.

Meanwhile, Carlos Domingo, chief executive of Securitize, called the partnership a major step forward in automating liquidity for tokenized products. He said it delivers real-time settlement and programmable liquidity for a new generation of compliant on-chain investments.

Also, Ripple noted that RLUSD follows strict safeguards. Specifically, the stablecoin has a one-to-one backing by highly liquid assets, protected by clear reserve rules, verified through independent attestations, and issued under the New York Department of Financial Services charter. 

According to Ripple, since its launch in late 2024, RLUSD has climbed past $700 million in circulation. This has been due to its use in the company’s payments network, decentralized finance pools, and crypto on- and off-ramps. Currently, RLUSD has a valuation of $741 million, making it the eighth-largest stablecoin in the market.

Ripple Execs and XRP Community React

Interestingly, Ripple executives also highlighted the recent milestone on X. Brad Garlinghouse, Ripple’s CEO, said holders of BUIDL and VBILL can already redeem their shares for RLUSD on Ethereum, with support on the XRP Ledger coming soon. He stressed that the new setup gives investors instant access to on-chain liquidity.

Further, Monica Long, Ripple’s president, indicated that the company has seen strong momentum around RLUSD. She highlighted the recent partnership with DBS and Franklin Templeton, which already uses RLUSD for tokenized lending and trading. 

Long suggested that the new integration with Securitize builds on that progress by opening a compliant and liquid off-ramp for BlackRock and VanEck’s tokenized funds.

Meanwhile, in the XRP camp, community figure WrathofKahneman called attention to an important speculative detail that most might overlook. 

Notably, he pointed out that Securitize is one of the few fully licensed tokenization platforms, which sets Ripple apart from rivals. According to him, if Ripple weaves Securitize into its infrastructure, the company could combine licensed securities, custody, and payments under the RLUSD umbrella. This is something Circle does not offer.

RLUSD Seeing Impressive Growth

The latest development confirms how RLUSD has grown quickly since its launch last December. Ripple introduced it globally under NYDFS supervision and later integrated it into Ripple Payments for cross-border transfers. Major exchanges like Kraken and Bitstamp added support early on. 

Shortly after, Swiss-based Amina Bank began supporting it, and distribution in Europe expanded through Luxembourg. Ripple then partnered with SBI in Japan and, most recently, rolled RLUSD out across Africa with the help of Chipper Cash, VALR, and Yellow Card.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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