Ripple has collaborated with Securitize to introduce a smart contract enabling holders of BlackRock and VanEck tokenized funds to exchange their shares for Ripple’s stablecoin. This initiative brings Ripple’s RLUSD stablecoin to Securitize’s tokenization platform, providing an additional off-ramp for BlackRock’s BUIDL and VanEck’s VBILL tokenized short-term treasury funds.
With this smart contract, BUIDL and VBILL holders can seamlessly exchange their shares for RLUSD around the clock, facilitating stable, on-chain transfers. Investors can maintain continuous exposure to RLUSD while also benefiting from on-chain yield opportunities and a wider array of DeFi strategies.
Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated, “Integrating RLUSD as an exchange option for tokenized funds represents a natural evolution in our efforts to connect traditional finance with the crypto space.”
Carlos Domingo, CEO of Securitize, noted, “Our partnership with Ripple to incorporate RLUSD into our tokenization framework marks a significant advancement in automating liquidity for tokenized assets. Together, we are enabling real-time settlement and programmable liquidity for a new class of compliant, on-chain investment products, unlocking the full potential of blockchain technology in institutional finance.”