Ripple's $RLUSD To Be Accepted By BlackRock and VanEck's Tokenized Funds, Partners With Securitize
Ripple's $RLUSD To Be Accepted By BlackRock and VanEck's Tokenized Funds, Partners With Securitize. Photo By Vitaly Taranov On Unsplash.
Ripple has announced it is partnering with Securitize to distribute $RLUSD stablecoin across its tokenization platform, with access to BlackRock's and VanEck's tokenized funds, according to its press release.
Ripple will use Securitize's infrastructure to integrate the use of smart contracts and enable $RLUSD stablecoin for the two tokenized funds - BUIDL managed by BlackRock and VBILL from VanEck - with the option to swap for their respective shares from investor accounts.
Reacting to this announcement, SVP of Ripple Jack McDonald expressed:
“Making RLUSD available as an exchange option for tokenized funds is a natural next step as we continue to bridge traditional finance and crypto,” said Jack McDonald, SVP of Stablecoins at Ripple. “RLUSD is for institutional use, offering regulatory clarity, stability, and real utility. As adoption grows, partnerships with trusted platforms like Securitize are key to unlocking new liquidity and enterprise-grade use cases.”
Adding to this, Co-founder and CEO of Securitize Carlos Domingo stated:
“Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating liquidity for tokenized assets.Together, we’re delivering real-time settlement and programmable liquidity across a new class of compliant, on-chain investment products—bringing the full potential of blockchain to institutional finance.”
Following on from the Hidden Road acquisition a few months ago, as well as opening $RLUSD to Franklin Templeton's sgBENJI token and DBS DDEx platform a few days earlier, the U.S. based company is positioning itself to lead onchain institutional trading 24/7.
Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct their own due diligence at all times.
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