Tokenized funds gain new interoperability as Securitize activates Ripple’s RLUSD smart contract for BUIDL and VBILL
Tada Images/Shutterstock and Adobe modified by Blockworks
Securitize, the regulated tokenization platform, has activated Ripple’s new RLUSD stablecoin smart contract within its marketplace, enabling the asset to function across BlackRock’s BUIDL and VanEck’s VBILL tokenized funds.
The development, disclosed on Tuesday, is designed to expand interoperability in tokenized financial products while highlighting the growing use of blockchain-based settlements in traditional fund structures.
Securitize operates Securitize Markets, a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and SIPC.
The firm is authorized to facilitate trading of digital asset securities through its Alternative Trading System (ATS). According to FINRA BrokerCheck, Securitize Markets is in good standing, though the platform stresses that its offerings are speculative, often illiquid, and carry heightened market, liquidity, and regulatory risks.
The integration of Ripple’s RLUSD—Ripple’s dollar-backed stablecoin launched earlier in 2025—into tokenized fund products represents a step toward practical adoption of blockchain-based cash equivalents in capital markets.
BlackRock’s BUIDL fund tokenizes short-term U.S. Treasury instruments, while VanEck’s VBILL follows a similar model with Treasury bills, both offering yield exposure through blockchain rails.
This is a developing story.
This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.
Get the news in your inbox. Explore Blockworks newsletters:
- The Breakdown: Decoding crypto and the markets. Daily.
- 0xResearch: Alpha in your inbox. Think like an analyst.
- Empire: Crypto news and analysis to start your day.
- Forward Guidance: The intersection of crypto, macro and policy.
- The Drop: Apps, games, memes and more.
- Lightspeed: All things Solana.
- Supply Shock: Bitcoin, bitcoin, bitcoin.
Decoding crypto and the markets. Daily, with Byron Gilliam.
Mon – Wed, October 13 – 15, 2025
Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.
Research
EtherFi, the largest liquid restaking protocol, is repositioning itself as a consumer-facing crypto neobank. Beyond staking, it is building a revenue mix around cards, vaults, and trading, aiming to capture sustainable front-end economics in DeFi. The shift highlights EtherFi’s ambition to expand from infrastructure into a full financial platform.
news
Breaking headlines across our core coverage categories.
Hydration launches decentralized HOLLAR stablecoin backed by DOT, ETH, and BTC amid growing stablecoin market
Kraken teams with Legion’s reputation-based platform to debut with public sale of Yield Basis (YB), Michael Egorov’s new BTC-yield protocol
The all-stock deal adds over 10,900 Bitcoin to Strive’s treasury while shifting Semler’s diagnostics unit toward preventative care
Layer 1 chain Stable adds PayPal USD support as PayPal Ventures invests to grow stablecoin’s cross-chain utility
New compliance features, native credit markets, and zero-knowledge proofs position XRPL for institutional finance adoption