- Ripple and Securitize unveiled a new smart contract that allows direct RLUSD redemptions for tokenized securities.
- The feature is initially available for holders of BlackRock’s BUIDL and VanEck’s VBILL.
Ripple, a blockchain-based solutions provider associated with XRP, and Securitize, a tokenization platform for real-world assets (RWA), unveiled their new collaboration on Tuesday. The two have launched a new smart contract for Ripple USD (RLUSD) redemptions.
The Ripple and Securitize Collaboration
According to a press release, the infrastructure allows holders of tokenized securities to directly convert their shares to Ripple’s native stablecoin. RLUSD is backed 1:1 by Ripple’s US dollar reserves, US government bonds, and cash equivalents. It is purpose-built for enterprise utility to boost speed, reduce costs, and generally enhance efficiency in financial applications.
Standard Custody & Trust Company, a subsidiary of Ripple regulated by the New York Department of Financial Services (NYDFS), issues RLUSD using the XRP Ledger (XRPL) and the Ethereum (ETH) network.
RLUSD has grown to a market cap of $741.43 million since its launch in December 2024. On the other hand, Securitize has over $4 billion in assets under management (AUM) as of May 2025.
RLUSD Off-Ramps for BlackRock’s BUIDL and VanEck’s VBILL
The Ripple-Securitize partnership initially benefits BlackRock’s BUIDL and VanEck’s VBILL platform. The RLUSD off-ramp service for BUIDL is already live, while VBILL holders will have to wait in a few days to enjoy such feature.
Ripple plans to expand the off-ramp infrastructure to support similar investment instruments in the future. In addition to BUIDL and VBILL, the platform is expected to include support for the existing top-tier partners of Securitize, like Apollo, Hamilton Lane, and KKR.
Previously, Securitize tokenized a feeder fund to Apollo’s Diversified Credit Fund. It has also worked with Hamilton Lane to tokenize several funds, including the company’s flagship direct equity fund and a secondary fund. Moreover, Securitize has tokenized a fund providing exposure to a KKR fund for the first time in the US.
Official Comments from Ripple and Securitize
Overall, the new milestone of Ripple and Securitize reinforces the integration of traditional finance (TradFi) with blockchain. In turn, these streamline financial applications while expanding access to more investment opportunities for retail and institutional players.
“Enterprise-grade instant onchain liquidity at your fingertips,” said Ripple CEO Brad Garlinghouse. “That’s real utility.”
For Ripple SVP of Stablecoins Jack McDonald and Securitize Co-founder and CEO Carlos Domingo, the achievement marks the natural progression of the evolution of RLUSD, Securitize’s RWA tokenization infrastructure, and the broader crypto market.
“Making RLUSD available as an exchange option for tokenized funds is a natural next step as we continue to bridge traditional finance and crypto,” McDonald claimed.
“Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating liquidity for tokenized assets,” Domingo went on.
