Ripple, Securitize Bring RLUSD to BlackRock and VanEck Tokenized Funds
Ripple's RLUSD stablecoin is now incorporated into BlackRock and VanEck's tokenized money-market funds, allowing investors to redeem their shares for RLUSD, creating a continuous liquidity off-ramp for tokenized treasuries. This integration is facilitated through a new smart contract on Securitize’s platform, marking a significant advancement in bridging traditional finance with the cryptocurrency landscape. Jack McDonald, Ripple’s SVP of Stablecoins, emphasized this partnership as a step towards regulatory compliance, positioning RLUSD as a settlement layer for real-world assets. RLUSD, backed 1:1 with liquid reserves under a New York DFS trust charter, has surpassed $700 million in circulation since its launch a year ago. Ripple aims to enhance its use in cross-border payments and decentralized finance, while this new tie-in prepares RLUSD for deployment on the XRP Ledger, combining regulatory compliance with DeFi applications.
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