Ripple Unlocks 24/7 Liquidity for BlackRock, VanEck Tokenized Funds

Ripple Unlocks 24/7 Liquidity for BlackRock, VanEck Tokenized Funds
Ripple has significantly bolstered its stablecoin strategy by integrating with Securitize, a move that enables holders of institutional digital assets like BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s VBILL tokenized US Treasuries to redeem their fund shares for Ripple USD (RLUSD) around the clock. This integration, initially launched on the Ethereum blockchain, is poised to expand its reach with forthcoming support for the XRP Ledger (XRPL), marking a pivotal step towards enhancing liquidity in the burgeoning tokenized asset market. Seamless Off-Ramp for Institutional Tokenized Funds The collaboration between Ripple and Securitize introduces a novel smart-contract driven flow, specifically designed to facilitate the exchange of BUIDL and VBILL shares for RLUSD. This mechanism serves as an essential "additional stablecoin off-ramp" for these tokenized short-term treasury funds. A key highlight of this development is its continuous availability, off…