Ripple and Securitize Launch Smart Contract Enabling BUIDL and VBILL Share Exchanges for RLUSD According to CryptoPotato on September 26, Ripple and Securitize have launched a smart contract allowing investors holding BlackRock’s BUIDL and VanEck’s VBILL to exchange their shares for Ripple’s stablecoin, RLUSD. The two firms stated that the new smart contract introduces a dedicated stablecoin withdrawal channel for these two tokenized short-term Treasury fund products—BUIDL and VBILL are the first tokenized assets issued by BlackRock and VanEck respectively on public blockchains. Ripple noted that holders can exchange their shares for RLUSD instantly, 24/7, maintaining exposure to on-chain yields and broader DeFi strategies while gaining continuous access to RLUSD.
Ripple and Securitize Launch Smart Contracts for BUIDL and VBILL to RLUSD Redemption
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Summary
Ripple and Securitize have launched smart contracts enabling BUIDL and VBILL token holders to redeem shares for RLUSD. This token launch marks a new on-chain development for stablecoin access. The contracts support redemptions for BlackRock and VanEck’s tokenized U.S. Treasury fund products. Ripple states the process is available 24/7, allowing users to maintain DeFi exposure while converting to RLUSD.
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