Ripple's RLUSD stablecoin has been integrated as an off-ramp solution for tokenized funds issued by financial giants BlackRock and VanEck. This integration, facilitated by the tokenization platform Securitize, allows holders of BlackRock's BUIDL and VanEck's VBILL funds to seamlessly exchange their tokenized shares for the RLUSD stablecoin.
Key Takeaways
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Ripple's RLUSD stablecoin is now an off-ramp option for BlackRock's BUIDL and VanEck's VBILL tokenized funds via Securitize.
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A new smart contract enables instant, 24/7 exchange of fund shares for RLUSD.
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This move aims to enhance liquidity and utility for tokenized real-world assets.
Enhanced Liquidity for Tokenized Assets
Through a newly deployed smart contract by Securitize, investors holding BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and VanEck's Treasury Fund (VBILL) can now instantly convert their tokenized shares into RLUSD. This functionality provides continuous exposure to RLUSD while allowing investors to maintain their exposure to on-chain yield and various DeFi strategies. Ripple's senior vice president of stablecoins, Jack McDonald, stated that making RLUSD available as an exchange option is a logical progression in bridging traditional finance and cryptocurrency, emphasizing RLUSD's institutional focus, regulatory clarity, and stability.
RLUSD: Built for Institutional Use
Launched in early 2025, Ripple's RLUSD stablecoin is designed with an enterprise focus and has already seen acceptance in initiatives like the Dubai Financial Services Authority's real estate tokenization project. Securitize CEO Carlos Domingo highlighted the partnership as a significant advancement in automating liquidity for tokenized assets, enabling real-time settlement and programmable liquidity for compliant, on-chain investment products.
Growth in Tokenized Funds
BlackRock's BUIDL fund, launched in March 2024, has become the largest tokenized Treasury fund, surpassing $1 billion in assets under management within its first year. It serves qualified investors seeking US dollar yield. VanEck's VBILL fund, introduced in May 2025, offers exposure to tokenized US Treasury-backed assets and currently holds $74 million in assets. Both funds aim to maintain a net asset value of $1, similar to stablecoins but with the added benefit of generating yield for investors.
Securitize, a platform that oversees approximately $4 billion in tokenized real-world assets, plans to introduce additional use cases and assets, with a focus on expanding access and utility within the XRP Ledger ecosystem.
Sources
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BlackRock, VanEck Tokenized Funds Add RLUSD Support, Cointelegraph.
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Ripple’s RLUSD Stablecoin Integrated As an Off-Ramp For BlackRock And VanEck Tokenized Funds — TradingView
News, TradingView. -
Ripple stablecoin becomes offramp for BlackRock tokenised fund, Finextra Research.
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Ripple Stablecoin Becomes Off-Ramp for BlackRock and VanEck Tokenized Funds, Parameter.
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