Ripple and Securitize have teamed up to incorporate the Ripple USD stablecoin as a withdrawal option for tokenized funds from major cryptocurrency investment firms BlackRock and VanEck.
A newly launched smart contract enables holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBILL) to swap their tokenized shares for the Ripple USD (RLUSD) stablecoin.
This smart contract provides BUIDL and VBILL investors with the ability to instantly convert their shares to RLUSD at any time, facilitating further on-chain transfers.
“Collaborating with Ripple to integrate RLUSD into our tokenization framework marks a significant advancement in automating liquidity for tokenized assets,” said Carlos Domingo, co-founder and CEO of Securitize.
RLUSD designed for institutional applications
Introduced by Ripple in early 2025, the RLUSD stablecoin is focused on enterprise use and has received approval from several global authorities for asset tokenization.
In June, the Dubai Financial Services Authority endorsed RLUSD as part of the Dubai Land Department’s real estate tokenization initiative.
“Offering RLUSD as an exchange option for tokenized funds is a logical progression as we work to merge traditional finance with crypto,” stated Jack McDonald, Ripple’s senior vice president of stablecoins, adding:
“RLUSD is tailored for institutional use, providing regulatory clarity, stability, and genuine utility. As adoption expands, collaborations with trusted platforms like Securitize are crucial for unlocking new liquidity and enterprise-grade applications.”
RWAs on Securitize reach $4 billion
The integration of RLUSD into BlackRock and VanEck’s tokenized funds coincides with Securitize accumulating approximately $4 billion in tokenized real-world assets (RWAs), as per its website.
BlackRock’s BUIDL was the first tokenized fund issued by the firm in March 2024, enabling qualified investors on Securitize to earn US dollar yield through fund subscriptions.
Within a year of its launch, BUIDL surpassed $1 billion in assets under management, signaling a noteworthy milestone in the tokenization sector’s expansion.
VanEck’s VBILL fund launched in May 2025, providing investors with access to tokenized US Treasury-backed assets, initially available on Avalanche, BNB Chain, Ethereum, and Solana blockchains.
According to the Securitize website, VBILL currently accepts Circle’s USDC (USDC) stablecoin and the US dollar for fee and return payments.
Cointelegraph reached out to Securitize for comments regarding additional supported off-ramps for the funds but had not received a response by the time of publication.
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