Ripple has added another institutional rail to its stablecoin strategy: through an integration with Securitize, holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s VBILL tokenized US Treasuries can now redeem fund shares for Ripple USD (RLUSD) around the clock—initially on Ethereum, with support for the XRP Ledger (XRPL) in the pipeline.
Jack McDonald, Ripple’s SVP of Stablecoins, positioned the move as a bridge between tokenized funds and transactional money: “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.” On X, McDonald distilled the news for market participants: “RLUSD is now a key stablecoin offramp for BlackRock’s BUIDL and VanEck’s VBILL tokenized fund holders. The integration is starting with ETH, though Securitize is planning to integrate with the XRP Ledger.”
Ripple President Monica Long linked the Securitize integration to a broader RLUSD tokenization push announced the prior week with DBS and Franklin Templeton, where RLUSD serves as a “liquid, stable and compliant exchange mechanism for tokenized assets in lending and trading use cases.” “This week, Securitize added RLUSD as a new offramp for BlackRock and VanEck’s tokenized funds,” she noted.
Ripple CEO Brad Garlinghouse underscored the 24/7 redemption promise and the XRPL roadmap: “Very excited to share that BlackRock’s BUIDL and @VanEck_US’s VBILL tokenized fund holders can redeem shares for RLUSD/ETH 24/7 365 through Securitize, and soon to come RLUSD/XRPL. Enterprise-grade instant onchain liquidity at your fingertips. That’s real utility.”
For tokenized funds, the off-ramp matters because it stitches together yield-bearing on-chain treasuries with settlement-grade stablecoin liquidity. BlackRock’s BUIDL and VanEck’s VBILL are tokenized short-term US Treasury strategies issued through Securitize on public blockchains; the new workflow lets qualified holders convert fund shares into RLUSD without banking hours friction, potentially improving collateral mobility for trading, lending, repo and treasury operations.
While the initial redemption path is live on Ethereum via Securitize, both firms signaled that XRPL integration is next, aligning with Ripple’s push to make RLUSD natively useful across multiple venues. If executed, XRPL support would extend the same institutional redemption mechanics to a different settlement environment—one that Ripple and parts of the treasury-tokenization market already touch via custody, payments, and prior Franklin Templeton XRPL issuance plans.
At press time, XRP traded at $2.88.
