Integration through Securitize expands stablecoin’s role in RWA tokenization. Ripple’s enterprise-focused stablecoin RLUSD has been integrated as an off-ramp for tokenized funds by BlackRock and VanEck through a new partnership with Securitize.
Smart contract integration for BUIDL and VBILL
Securitize and Ripple have deployed a smart contract that allows investors in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBILL) to exchange tokenized shares for RLUSD at any time. The process enables investors to convert holdings into a stable digital dollar that can be transferred on-chain, offering greater flexibility for settlement and liquidity.
“Partnering with Ripple to integrate RLUSD into our tokenization infrastructure is a major step forward in automating liquidity for tokenized assets,”
Securitize co-founder and CEO Carlos Domingo said.
RLUSD built for institutional adoption
Ripple launched RLUSD in early 2025 with a stated focus on enterprise-grade use. The stablecoin has already been recognized by regulators in some jurisdictions, including approval by the Dubai Financial Services Authority for use in real estate tokenization initiatives.
Ripple’s senior vice president of stablecoins, Jack McDonald, described RLUSD as designed for “regulatory clarity, stability, and real utility,” adding that its integration with platforms like Securitize helps unlock new enterprise-focused use cases.
Growth in tokenized assets on securitize
Securitize reports that tokenized real-world assets (RWAs) on its platform have accumulated $4 billion in value. BlackRock’s BUIDL, launched in March 2024, was the firm’s first tokenized fund and has since grown to more than $1 billion in assets under management.
VanEck’s VBILL, launched in May 2025, gives investors exposure to tokenized U.S. Treasury-backed assets and is available across multiple blockchains, including Ethereum, Solana, Avalanche, and BNB Chain.
VBILL currently supports USDC and U.S. dollars for payments of fees and returns, with RLUSD now joining as an additional exchange option through the new smart contract integration.
Turnover. Ripple USD stablecoin breaks into top 100
Ripple’s RLUSD stablecoin has entered the top 100 crypto assets by market cap after an $11 million mint, bringing its total capitalization close to $700 million.
Unlike most stablecoins, RLUSD has demonstrated a turnover rate exceeding 20% of its supply on a daily basis, suggesting active circulation rather than static holding.
Ripple appears to be treating RLUSD more like a monetary tool, adjusting supply and redemption in real time to track institutional usage.
Such an approach reflects a departure from the “set-and-forget” minting strategies that have characterized earlier stablecoin issuers. With RLUSD entering the top 100 and gaining adoption across traditional and blockchain-native platforms, Ripple appears to be carving out a stablecoin model distinct from rivals like USDC and Tether.
The focus on controlled liquidity and enterprise integration may position RLUSD as a specialized instrument for financial institutions rather than a retail-first product.
Tanya Petrusenko
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