According to a press release shared by Ripple CEO Brad Garlinghouse on Tuesday, September 23, 2025, investors holding tokenized money market funds from BlackRock (BUIDL) and VanEck (VBILL) can now exchange their shares for Ripple USD (RLUSD) stablecoin. This integration, enabled through a smart contract on Securitize's platform, provides instant, enterprise-grade on-chain liquidity 24/7, enhancing flexibility and bridging cryptocurrency with traditional finance.
RLUSD, launched in December 2024, has grown to a market capitalization of $740 million, as reported by CoinGecko, though it remains smaller than rivals like Tether and Circle. Jack McDonald, Ripple's senior vice president of stablecoins, described the development as a "natural next step" in connecting trad-fi and crypto, noting RLUSD's design for institutional use. Securitize CEO Carlos Domingo emphasized that the partnership automates liquidity for compliant, on-chain investment products, enabling real-time settlement.
BlackRock's BUIDL fund is valued at $2 billion with around 90 qualified investors, tokenized on blockchains including Ethereum, Solana, and Polygon, while VanEck's VBILL is worth $74 million with 14 holders. Although these products are not yet on the XRP Ledger, future expansions are planned to bring utility to the XRPL ecosystem, following Ripple's recent roadmap update with new compliance features.