Ripple Partners with Securitize for Tokenized Finance with BlackRock, VanEck
Ripple has announced a strategic partnership that places its RLUSD stablecoin at the forefront of tokenized finance with major firms BlackRock and VanEck. This collaboration connects Ripple to institutional funds' tokenized versions, enhancing integration with the XRP Ledger.
Ripple Partners with Securitize
- Ripple is collaborating with Securitize, the largest tokenization platform, to offer real-time liquidity for assets from BlackRock and VanEck.
- This allows holders of BlackRock’s $BUIDL and VanEck’s $VBILL to convert their fund shares into RLUSD instantly, maintaining on-chain yield access.
- Securitize expands its integration with the XRP Ledger, increasing exposure to tokenized assets and enhancing Ripple's financial infrastructure.
Jack McDonald, SVP of Stablecoins at Ripple, highlighted the importance of making RLUSD available for tokenized funds as a step towards bridging traditional finance with crypto.
Ripple and BlackRock Discussions
- Speculation about Ripple's ties with BlackRock has been ongoing, focusing on cross-border settlement technology for asset tokenization.
- BlackRock aims to tokenize $2 trillion worth of assets, launching its first tokenized fund, BUIDL, in March 2024 via Securitize.
The partnership positions RLUSD alongside BlackRock’s BUIDL and VanEck’s VBILL, linking Ripple’s stablecoin ecosystem with products from leading asset managers, possibly paving the way for deeper XRP integration.
This initiative supports Ripple’s strategy to expand RLUSD’s utility, which has reached a market cap of approximately $742 million. The collaboration also boosts XRPL’s presence in the real-world asset tokenization sector.
