Ripple, Securitize Enable RLUSD Exchange for BlackRock, VanEck Funds
Key Developments:
- BlackRock's BUIDL and VanEck's VBILL tokenized fund shareholders can now exchange shares for Ripple's RLUSD stablecoin, following a partnership between Securitize and Ripple.
- This feature was announced on September 23, with initial availability for BlackRock's BUIDL and upcoming integration for VanEck's VBILL.
- The initiative aims to bridge traditional finance with crypto by providing real-time settlement and programmable liquidity for tokenized assets.
Details on Tokenized Funds:
- BlackRock launched BUIDL in March 2024, offering exposure to US Treasury and cash, with over $2 billion AUM among 91 holders. It operates on seven blockchains, including Ethereum, Solana, and Avalanche.
- BUIDL distributes income daily and has seen monthly transfer volumes around $425 million.
- VanEck's VBILL, launched in May 2025, provides blockchain-based access to short-term US Treasuries with $74 million AUM. It's available on blockchains like Ethereum and BNB Chain.
Market Impact:
- The RLUSD exchange is expected to enhance liquidity and accessibility for tokenized products.
- Tokenization is gaining traction on Wall Street, with Nasdaq pursuing tokenized securities trading.
