Ripple Labs’ CEO Brad Garlinghouse lately took it to X to reveal a new partnership with Securitize, which enables holders of BlackRock’s BUIDL tokenized fund holders to redeem their BUIDL shares to the freshly-arrived RLUSD stablecoin.
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On top of that, Ripple’s own stablecoin is expanding with on-demand liquidity from VanEck’s VBILL as well, so both BlackRock & VanEck customers will be able to withdraw their shares related to the aforementioned funds 24/7, using either RLUSD or Ether (ETH).
BlackRock’s BUIDL Now In Tune With RLUSD
Notably, Mr. Garlinghouse implied that these features could as well soon include XRPL’s native XRP coin. For now, investors are able to get continuous exposure to on-chain yield within a broad range of decentralized finance (DeFi) strategies, focused on bridging the gap between traditional finance & digital assets.
Earlier, Ripple officially applied for a banking license in the United States (USA) for the same purpose. RLUSD stablecoin got the regulatory nod along with the stablecoin-focused Genius & Clarity Acts in the United States (USA), while the latest regulatory victories sped up the process.
As the influential crypto figure is getting greetings for tying the knot with fiance Tara Milsti last weekend, Ripple’s (XRP) further path this year will highly depend on institutional breakthroughs.
With SWIFT testing XRP Ledger in November, XRP Army members have their eyes peeled on the numerous Ripple-based ETF submissions that had landed on SEC’s table and are waiting for a decision.
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Garlinghouse revealed a new smart contract integration allowing holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized funds to redeem their shares for Ripple USD (RLUSD) stablecoin 24/7 via Securitize’s platform.
Namely, RLUSD is Ripple’s USD-pegged stablecoin, launched in late 2024, designed for institutional use with regulatory compliance, stability, and integration into cross-border payments and DeFi. It has grown to over $700 million in market cap.
The smart contract enables instant, on-chain redemption of BUIDL shares for RLUSD/ETH now, with RLUSD/XRPL support coming soon. VBILL support follows shortly after BUIDL’s rollout, providing enterprise-grade liquidity without traditional banking hours.
It bridges traditional finance and crypto by offering real-time liquidity for tokenized assets from giants like BlackRock, positioning RLUSD as a key stablecoin for institutions amid growing competition and tokenization trends.
This boosts RLUSD adoption, potentially increasing Ripple’s ecosystem utility and XRP demand for transactions on XRPL. It follows other partnerships like Franklin Templeton, signaling Ripple’s push into institutional on-chain finance.
