Ripple’s RLUSD Now Available for Redemption in BlackRock and VanEck Funds
The post Ripple’s RLUSD Now Available for Redemption in BlackRock and VanEck Funds appeared on BitcoinEthereumNews.com. TLDR Ripple integrates RLUSD into BlackRock’s BUIDL and VanEck’s VBILL. Tokenized fund holders can redeem shares for RLUSD anytime. Ripple strengthens RLUSD’s liquidity and enterprise-level applications. Ripple expands RLUSD support across Ethereum, Solana, and Avalanche. Ripple has partnered with Securitize to bring its stablecoin, Ripple USD (RLUSD), to two prominent tokenized funds: BlackRock’s BUIDL and VanEck’s VBILL. This integration allows holders of tokenized shares in these funds to redeem their investments for RLUSD, providing instant access to their funds, 24/7. Ripple’s move highlights the growing convergence between traditional finance and digital assets. RLUSD Integration Brings Flexibility to Fund Redemption Ripple’s collaboration with Securitize marks the first time RLUSD has been added to Securitize’s tokenization platform. Investors who hold shares in BlackRock’s BUIDL and VanEck’s VBILL can now instantly convert their shares into RLUSD. This flexibility offers real-time settlement, eliminating the wait times associated with traditional redemption processes. Ripple has already rolled out support for BUIDL, with VBILL expected to follow soon. BUIDL is BlackRock’s USD Institutional Digital Liquidity Fund, and VBILL is VanEck’s Treasury Fund. Both are tokenized short-term treasury funds, which are among the first products from major asset managers to be issued directly on public blockchains. This partnership is a significant step in linking traditional finance with the growing digital asset ecosystem. The Role of RLUSD in Tokenized Finance The integration of RLUSD into these tokenized funds strengthens Ripple’s position in the stablecoin market. RLUSD is designed to offer value consistency while adhering to regulatory standards, making it appealing for large corporations. Ripple’s collaboration with Securitize aims to enhance the token’s liquidity and expand its use within enterprise-level applications. Jack McDonald, Senior Vice President of Stablecoins at Ripple, emphasized that RLUSD is built to serve large institutions, ensuring regulatory compliance and stability. This move is part of Ripple’s…
The post Ripple’s RLUSD Now Available for Redemption in BlackRock and VanEck Funds appeared on BitcoinEthereumNews.com.
TLDR Ripple integrates RLUSD into BlackRock’s BUIDL and VanEck’s VBILL. Tokenized fund holders can redeem shares for RLUSD anytime. Ripple strengthens RLUSD’s liquidity and enterprise-level applications. Ripple expands RLUSD support across Ethereum, Solana, and Avalanche. Ripple has partnered with Securitize to bring its stablecoin, Ripple USD (RLUSD), to two prominent tokenized funds: BlackRock’s BUIDL and VanEck’s VBILL. This integration allows holders of tokenized shares in these funds to redeem their investments for RLUSD, providing instant access to their funds, 24/7. Ripple’s move highlights the growing convergence between traditional finance and digital assets. RLUSD Integration Brings Flexibility to Fund Redemption Ripple’s collaboration with Securitize marks the first time RLUSD has been added to Securitize’s tokenization platform. Investors who hold shares in BlackRock’s BUIDL and VanEck’s VBILL can now instantly convert their shares into RLUSD. This flexibility offers real-time settlement, eliminating the wait times associated with traditional redemption processes. Ripple has already rolled out support for BUIDL, with VBILL expected to follow soon. BUIDL is BlackRock’s USD Institutional Digital Liquidity Fund, and VBILL is VanEck’s Treasury Fund. Both are tokenized short-term treasury funds, which are among the first products from major asset managers to be issued directly on public blockchains. This partnership is a significant step in linking traditional finance with the growing digital asset ecosystem. The Role of RLUSD in Tokenized Finance The integration of RLUSD into these tokenized funds strengthens Ripple’s position in the stablecoin market. RLUSD is designed to offer value consistency while adhering to regulatory standards, making it appealing for large corporations. Ripple’s collaboration with Securitize aims to enhance the token’s liquidity and expand its use within enterprise-level applications. Jack McDonald, Senior Vice President of Stablecoins at Ripple, emphasized that RLUSD is built to serve large institutions, ensuring regulatory compliance and stability. This move is part of Ripple’s…
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