TLDR
- Ripple’s RLUSD stablecoin now serves as an off-ramp for BlackRock and VanEck tokenized funds on Securitize platform
- Smart contract enables instant 24/7 exchange of BUIDL and VBILL shares for RLUSD stablecoin
- BlackRock’s BUIDL fund holds $2 billion in assets with 90 qualified investors across multiple blockchains
- VanEck’s VBILL Treasury Fund launched in May 2025 with $74 million in assets and 14 holders
- RLUSD has grown to $740 million market cap since December 2024 launch, designed for institutional use
Ripple’s RLUSD stablecoin has been integrated into the Securitize tokenization platform as a new off-ramp option for major investment funds. The integration allows holders of BlackRock and VanEck tokenized funds to exchange their shares for the dollar-pegged cryptocurrency.
The new feature operates through a smart contract that enables instant, 24/7 liquidity access. Investors in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBILL) can now convert their tokenized shares directly into RLUSD.
Jack McDonald, Ripple’s senior vice president of stablecoins, called the integration a natural progression in bridging traditional finance with cryptocurrency. He emphasized that RLUSD was specifically designed for institutional use with regulatory clarity and stability.
The Ripple stablecoin launched in December 2024 and has grown to a market capitalization of $740 million. While smaller than established alternatives from Tether and Circle, RLUSD has gained traction in institutional markets.
Securitize CEO Carlos Domingo described the partnership as a major advancement in automating liquidity for tokenized assets. The platform aims to deliver real-time settlement and programmable liquidity across compliant, on-chain investment products.
BlackRock Fund Dominates Tokenized Market
BlackRock’s BUIDL fund represents the largest tokenized money market fund with $2 billion in assets. The fund serves approximately 90 qualified investors and operates across multiple blockchains including Solana, Avalanche, Ethereum, Polygon, Arbitrum, and Optimism.
BUIDL was BlackRock’s first tokenized fund, launching in March 2024. The fund allows qualified investors to earn US dollar yield by subscribing through the Securitize platform.
The fund surpassed $1 billion in assets under management within one year of launch. This growth represents a key milestone in the tokenization ecosystem’s development.
VanEck Treasury Fund Adds Competition
VanEck’s VBILL Treasury Fund offers exposure to tokenized US Treasury-backed assets. The fund launched in May 2025 with current assets of $74 million across 14 different holders.
VBILL operates on Avalanche, BNB Chain, Ethereum, and Solana blockchains. The fund previously supported Circle’s USDC stablecoin and US dollars for fee payments and returns.
Shares in both BUIDL and VBILL trade at $1 per token but offer yield to investors. This differs from traditional stablecoins that typically maintain their peg without generating returns.
Platform Growth and Future Plans
Securitize has accumulated approximately $4 billion in tokenized real-world assets across its platform. The company continues to expand its offerings and blockchain integrations.
The platform announced plans for additional use cases and assets in the future. Securitize also indicated it will expand access and bring new utility to the XRP Ledger ecosystem.
On Monday, Ripple unveiled an updated roadmap for XRPL featuring new compliance tools. These include the ability for token issuers to “deep freeze” wallet addresses and “dry run” transaction capabilities.
Products issued through Securitize do not yet exist on XRP Ledger. However, the companies indicated that future integration with XRPL ecosystem remains part of their expansion plans.
