Ripple and the tokenization platform Securitize have partnered to incorporate the Ripple USD stablecoin as an off-ramp for tokenized assets from major investment firms like BlackRock and VanEck.
A smart contract has been launched by Ripple and Securitize that enables holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBILL) to convert their tokenized shares into the Ripple USD (RLUSD) stablecoin.
This smart contract facilitates BUIDL and VBILL investors to swiftly exchange their shares for RLUSD at any moment, allowing for further on-chain transactions.
“Collaborating with Ripple to incorporate RLUSD into our tokenization framework is a significant advancement in streamlining liquidity for tokenized assets,” stated Securitize co-founder and CEO Carlos Domingo.
RLUSD tailored for institutional applications
Introduced by Ripple in early 2025, the RLUSD stablecoin is crafted with enterprises in mind and has received acceptance from various global authorities for asset tokenization.
In June, RLUSD gained approval from the Dubai Financial Services Authority for use in the Dubai Land Department’s real estate tokenization project.
“Offering RLUSD as an exchange option for tokenized funds is a logical next step as we work to connect traditional finance with crypto,” remarked Jack McDonald, Ripple’s senior vice president of stablecoins, adding:
“RLUSD is aimed at institutional users, providing regulatory assurance, stability, and genuine utility. As adoption expands, collaborations with reputable platforms like Securitize are vital to unlocking new liquidity and enterprise-level applications.”
RWAs on Securitize reach $4 billion
The incorporation of RLUSD for BlackRock and VanEck’s tokenized funds coincides with tokenized real-world assets (RWAs) on Securitize amassing approximately $4 billion, according to their website.
BlackRock’s BUIDL was the inaugural tokenized fund launched by the firm in March 2024, enabling qualified investors on Securitize to earn US dollar yields by participating in the fund.
One year post-launch, BUIDL exceeded $1 billion in assets under management, highlighting a significant milestone in the growth of the tokenization landscape.
VanEck’s VBILL fund debuted in May 2025, providing investors access to tokenized US Treasury-backed assets, initially accessible on Avalanche, BNB Chain, Ethereum, and Solana blockchains.
As per Securitize’s website, VBILL currently accommodates Circle’s USDC (USDC) stablecoin and the US dollar for fee and return payments.
Cointelegraph reached out to Securitize for insights regarding additional supported off-ramps for these funds, but had not received a response by the time of publication.
Magazine: 7 reasons why Bitcoin mining is a terrible business idea
