Ripple and Securitize announced a new smart contract that lets investors in BlackRock’s BUIDL and VanEck’s VBILL funds swap shares directly for Ripple USD stablecoin. The feature was unveiled this week, offering a faster way to access liquidity through tokenized assets.
According to the press release, the contract gives investors the option to exchange fund shares for RLUSD around the clock without delays. Support for BlackRock’s BUIDL is live now, while VanEck’s VBILL will be added within days. Ripple said the move is aimed at linking stablecoin use with tokenized finance, giving investors instant settlement and more options for using blockchain assets.
“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, Ripple’s senior vice president of stablecoins. He explained that RLUSD is focused on institutions, providing “regulatory clarity, stability, and real utility.”
Securitize co-founder and CEO Carlos Domingo said the deal brings major progress in tokenized markets. “Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating liquidity for tokenized assets,” he said. “Together, we’re delivering real-time settlement and programmable liquidity across a new class of compliant, on-chain investment products.”
Ripple launched RLUSD in late 2024 under a New York Department of Financial Services trust charter. It is backed one-to-one by liquid assets and has grown to over $700 million in market value. The stablecoin is already in use on decentralized platforms and in Ripple’s payment network.
Meanwhile, BlackRock’s BUIDL fund, launched in March 2024, holds tokenized U.S. Treasuries and has grown to $2 billion in assets. VanEck’s VBILL fund, which started in May 2025, provides tokenized Treasury access and is valued at about $74 million.
Together, tokenized funds on Securitize’s platform now total about $4 billion. The firms said future plans include broader integration with the XRP Ledger to expand access and utility.
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