BlackRock’s BUIDL Fund Targets XRP Ledger Expansion, Boosting PEPENODE Presale
BlackRock's $2B Institutional Digital Liquidity Fund (BUIDL) is expanding into the XRP Ledger (XRPL), strengthening ties between traditional finance and blockchain.
- Ripple and Securitize are key players in enabling RLUSD smart contract functionality.
- XRPL manages 5.6M accounts with over 4B transactions, showing a 430% rise in weekly payment volume from 2023 to 2025.
- The integration of RLUSD aims to facilitate 24/7 trading of tokenized fund shares on Ripple's platform.
- $RLUSD has a market cap of $741M, despite initial challenges since its 2024 launch.
- Ripple and SBI Holdings plan to introduce $RLUSD in Japan by 2026.
- Partnerships with DBS Bank and Franklin Templeton address utility and liquidity issues in tokenized institutional assets.
The collaboration signifies a shift towards a more decentralized global financial system, enhancing investor engagement with financial instruments.