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BlackRock and VanEck Tokenized Fund Holders Gain $RLUSD Redemption Option via Securitize

BlackRock and VanEck Tokenized Fund Holders Gain $RLUSD Redemption Option via Securitize

Ripple’s RLUSD stablecoin now supports direct redemption into on-chain liquidity for BlackRock’s BUIDL and VanEck’s VBILL funds, facilitating a 24/7 off-ramp for tokenized treasuries.

ETH
XRP
BUIDL

Fact Check
Multiple sources, including a Decrypt article citing a press release, confirm the integration. The evidence explicitly states that Ripple's RLUSD stablecoin has been integrated into Securitize's platform, enabling holders of BlackRock's BUIDL and VanEck's tokenized funds to redeem their shares for RLUSD.
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Summary

Ripple has integrated its RLUSD stablecoin with Securitize’s smart contract, allowing investors in BlackRock’s BUIDL and VanEck’s VBILL tokenized funds to redeem shares for RLUSD. This enables a 24/7 liquidity solution for tokenized treasury funds, enhancing real-time settlement options. RLUSD, backed by liquid reserves and regulated by the New York DFS trust charter, is increasingly adopted in institutional finance with over $700 million in circulation.

Terms & Concepts
  • RLUSD: Ripple’s native stablecoin designed for institutional use, offering regulatory clarity and stable value, and integrated across XRP Ledger and Ethereum.
  • BUIDL: A tokenized fund product by BlackRock representing short-term U.S. Treasury assets, tradable as digital tokens on blockchain networks.
  • VBILL: A tokenized fund product by VanEck representing short-term U.S. Treasury assets, available in limited Ethereum-based addresses.