Ripple's stablecoin RLUSD becomes the share redemption channel for BlackRock and VanEck tokenized funds

BlockBeats News, September 23rd, Ripple has integrated the stablecoin Ripple USD (RLUSD) with the security token issuance platform Securitize as a share redemption channel for the two major crypto investment giants, BlackRock and VanEck.

Ripple and Securitize have launched a smart contract that allows holders of BlackRock's Dollar Institutional Digital Liquidity Fund (BUIDL) and VanEck's Treasury Bond Fund (VBILL) to redeem their security token shares for the stablecoin Ripple USD (RLUSD). The smart contract enables BUIDL and VBILL investors to instantly convert their holdings to RLUSD, facilitating more on-chain transfer operations.