Securitize has integrated RLUSD as a share redemption channel for BlackRock and VanEck's securities-based funds

ChainCatcher news, according to Cointelegraph, Ripple and the security token issuance platform Securitize have integrated the stablecoin Ripple USD (RLUSD) as a share exchange channel for the securities funds under the two major crypto investment giants BlackRock and VanEck.

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