Ripple and Securitise announced Tuesday the rollout of a smart contract enabling investors in BlackRock’s and VanEck’s tokenised treasury funds to exchange their shares directly for Ripple’s dollar-backed stablecoin, Ripple USD (RLUSD).
The agreement creates an additional pathway for holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund, Ltd. (VBILL) to convert their on-chain assets into RLUSD. The exchange option for BUIDL is live, with VBILL integration expected in the coming days.
Expansion of Stablecoin Access
BlackRock and VanEck both launched their tokenised funds on public blockchains, representing early large-scale institutional moves into digital asset tokenisation. By linking those funds with RLUSD, investors gain the ability to convert to a stable, regulated digital dollar at any time of day.
Ripple positioned RLUSD as a tool for faster and cheaper settlement of financial transactions. The stablecoin, launched in late 2024, is backed 1:1 with U.S. dollar-denominated liquid assets, with reserves subject to third-party attestations. The New York Department of Financial Services oversees RLUSD under a Trust Company Charter. As of September 2025, RLUSD has a reported market capitalisation exceeding $700 million and is used across decentralised finance platforms, liquidity pools, and Ripple’s cross-border payment solutions.
Integration With Securitise Platform
The launch marks the first time RLUSD has been integrated into Securitise’s tokenisation infrastructure. Securitise, which specialises in issuing and managing tokenised real-world assets, said the partnership with Ripple would allow automated liquidity and real-time settlement for tokenised investment products.
Carlos Domingo, co-founder and CEO of Securitise, said the collaboration is intended to provide “programmable liquidity” across compliant, on-chain assets. Ripple said the effort is part of its broader plan to link traditional finance products with blockchain-based settlement. In addition, Securitise plans to connect RLUSD with the XRP Ledger, which could expand its use in Ripple’s broader ecosystem of blockchain-based applications.
Institutional Adoption and Oversight
Ripple emphasised that RLUSD is designed for institutional use, citing measures such as segregated reserves, strict liquidity management, and redemption rights for holders. These features are meant to address regulatory requirements and meet expectations of financial institutions entering digital asset markets.
The collaboration with Securitise highlights how tokenised versions of traditional assets—such as short-term treasury funds—are being paired with regulated stablecoins to provide investors with more flexibility in managing digital portfolios.
