The post Ripple’s Stablecoin Debuts on BlackRock-Backed Tokenization Platform appeared on BitcoinEthereumNews.com. In brief Ripple’s RLUSD stablecoin was integrated in Securitize’s platform. Two tokenized money market funds can now be exchanged for the stablecoin. BlackRock’s BUIDL is worth $2 billion, per RWA.xyz. Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset. The feature was enabled through a smart contract, which now serves as another off-ramp for products offered by asset managers BlackRock and VanEck, according to a press release. It functions 24/7, allowing users to access instant liquidity, Ripple added. Ripple’s stablecoin debuted in December. And although it’s much smaller than alternatives offered by Tether and Circle, RLUSD has grown to a market capitalization of $740 million within the past year, according to crypto data provider CoinGecko.   In a statement, Jack McDonald, senior vice president of stablecoins at Ripple, described the move as a “natural next step as we continue to bridge traditional finance and crypto,” noting that RLUSD was designed specifically for institutional use. Securitize made a similar announcement nearly a year ago, saying that Circle’s USDC had been integrated into its platform as a way to reduce investment costs and streamline the subscription process for investing in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). BlackRock’s BUDIL is worth $2 billion, according to data from RWA.xyz. Around 90 qualified investors hold shares in the fund, which is tokenized on several blockchains, including Solana, Avalanche, Ethereum, Polygon, and layer-2 networks Arbitrum and Optimism. The VanEck Treasury Fund (VBILL), which can also be exchanged for RLUSD on Securitize’s platform, is worth $74 million, while only having 14 different holders.  Shares in BUIDL and VBILL are represented by tokens that change hands at $1, but unlike most stablecoins, they offer investors a yield. Products issued through Securitize’s platform do… The post Ripple’s Stablecoin Debuts on BlackRock-Backed Tokenization Platform appeared on BitcoinEthereumNews.com. In brief Ripple’s RLUSD stablecoin was integrated in Securitize’s platform. Two tokenized money market funds can now be exchanged for the stablecoin. BlackRock’s BUIDL is worth $2 billion, per RWA.xyz. Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset. The feature was enabled through a smart contract, which now serves as another off-ramp for products offered by asset managers BlackRock and VanEck, according to a press release. It functions 24/7, allowing users to access instant liquidity, Ripple added. Ripple’s stablecoin debuted in December. And although it’s much smaller than alternatives offered by Tether and Circle, RLUSD has grown to a market capitalization of $740 million within the past year, according to crypto data provider CoinGecko.   In a statement, Jack McDonald, senior vice president of stablecoins at Ripple, described the move as a “natural next step as we continue to bridge traditional finance and crypto,” noting that RLUSD was designed specifically for institutional use. Securitize made a similar announcement nearly a year ago, saying that Circle’s USDC had been integrated into its platform as a way to reduce investment costs and streamline the subscription process for investing in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). BlackRock’s BUDIL is worth $2 billion, according to data from RWA.xyz. Around 90 qualified investors hold shares in the fund, which is tokenized on several blockchains, including Solana, Avalanche, Ethereum, Polygon, and layer-2 networks Arbitrum and Optimism. The VanEck Treasury Fund (VBILL), which can also be exchanged for RLUSD on Securitize’s platform, is worth $74 million, while only having 14 different holders.  Shares in BUIDL and VBILL are represented by tokens that change hands at $1, but unlike most stablecoins, they offer investors a yield. Products issued through Securitize’s platform do…