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Ripple CEO Garlinghouse Announces 24/7 RLUSD Redemption for BlackRock, VanEck Tokenized Funds

Published by
Zafar Naik

Ripple is giving institutional investors a new way to access crypto instantly. 

The company just announced a smart contract that allows holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized funds to redeem their shares for Ripple USD (RLUSD) anytime – 24 hours a day, 7 days a week. 

CEO Brad Garlinghouse tweeted: “Enterprise-grade instant onchain liquidity at your fingertips. That’s real utility.”

RLUSD Goes Live on Securitize

The integration is happening on Securitize’s tokenization platform, which helps bring traditional financial products onto the blockchain. Investors in BUIDL can now exchange their shares for RLUSD immediately, while VBILL support is coming in the next few days.

It adds a stablecoin off-ramp for tokenized funds, giving investors instant on-chain liquidity while keeping regulatory compliance. It also opens doors to DeFi strategies, offering flexibility without sacrificing security.

Jack McDonald, Ripple’s SVP of Stablecoins, said: “Making RLUSD available as an exchange option for tokenized funds is a natural next step as we continue to bridge traditional finance and crypto. RLUSD is for institutional use, offering regulatory clarity, stability, and real utility.”

Why This Matters

BlackRock and VanEck’s tokenized funds are among the first institutional funds on public blockchains. Until now, converting them into crypto wasn’t easy. RLUSD changes that.

Investors now get a regulated, enterprise-grade stablecoin that is 1:1 USD backed, with strict reserve management, third-party attestations, and clear redemption rights. For institutions, this means faster settlements, programmable liquidity, and an easy path into DeFi.

Real-Time Liquidity for Institutions

Carlos Domingo, CEO of Securitize, described the partnership as a major step forward: “Together, we’re delivering real-time settlement and programmable liquidity across a new class of compliant, on-chain investment products – bringing the full potential of blockchain to institutional finance.”

RLUSD is already active in DeFi platforms and liquidity pools, integrated with Ripple’s cross-border payments, and has grown to over $700 million in market cap since launching in late 2024. 

Integration with the XRP Ledger (XRPL) is coming soon, further expanding its use in enterprise finance.

A Milestone for Institutional Crypto

This integration shows how crypto is bridging traditional finance and blockchain. With RLUSD, tokenized fund investors get instant liquidity, regulatory compliance, and access to on-chain strategies.

Zafar Naik

Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

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