• Ripple and Securitize have enabled a smart contract that allows holders of BlackRock’s BUIDL fund and VanEck’s VBILL tokenized funds to exchange their shares for RLUSD
• RWAs on Securitize have accumulated around $4 billion in assets
• BlackRock’s BUIDL has already crossed $1 billion in managed assets since launch

Ripple and Securitize have enabled a smart contract that allows holders of BlackRock’s BUIDL fund and VanEck’s VBILL tokenized funds to exchange their shares for RLUSD (Ripple’s dollar-stablecoin).

This off-ramp to RLUSD is now operating 24/7, meaning tokenized shares can now be converted into on-chain liquidity without going through traditional fiat rails.

Securitize co-founder and CEO Carlos Domingo said this on the matter: “Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating …

Read The Full Article RLUSD Integrated Into Securitize for Instant Redemptions From BlackRock and VanEck Funds On Coin Edition.

• Ripple and Securitize have enabled a smart contract that allows holders of BlackRock’s BUIDL fund and VanEck’s VBILL tokenized funds to exchange their shares for RLUSD
• RWAs on Securitize have accumulated around $4 billion in assets
• BlackRock’s BUIDL has already crossed $1 billion in managed assets since launch

Ripple and Securitize have enabled a smart contract that allows holders of BlackRock’s BUIDL fund and VanEck’s VBILL tokenized funds to exchange their shares for RLUSD (Ripple’s dollar-stablecoin).

This off-ramp to RLUSD is now operating 24/7, meaning tokenized shares can now be converted into on-chain liquidity without going through traditional fiat rails.

Securitize co-founder and CEO Carlos Domingo said this on the matter: “Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating …

Read The Full Article RLUSD Integrated Into Securitize for Instant Redemptions From BlackRock and VanEck Funds On Coin Edition.