Ripple has announced it is partnering with Securitize to distribute $RLUSD stablecoin across its tokenization platform, with access to BlackRock’s and VanEck’s tokenized funds, according to its press release.
Ripple will use Securitize’s infrastructure to integrate the use of smart contracts and enable $RLUSD stablecoin for the two tokenized funds – BUIDL managed by BlackRock and VBILL from VanEck – with the option to swap for their respective shares from investor accounts.
Reacting to this announcement, SVP of Ripple Jack McDonald expressed:
Making RLUSD available as an exchange option for tokenized funds is a natural next step as we continue to bridge traditional finance and crypto. RLUSD is for institutional use, offering regulatory clarity, stability, and real utility.
Adding to this, Co-founder and CEO of Securitize Carlos Domingo stated:
Together, we’re delivering real-time settlement and programmable liquidity across a new class of compliant, on-chain investment products—bringing the full potential of blockchain to institutional finance.”
Following on from the Hidden Road acquisition a few months ago, as well as opening $RLUSD to Franklin Templeton’s sgBENJI token and DBS DDEx platform a few days earlier, the U.S. based company is positioning itself to lead onchain institutional trading 24/7.
