BlackRock’s $2 Billion BUIDL Fund Eyes XRP Ledger Expansion in Major Institutional Move

Wall Street's digital asset embrace accelerates as BlackRock's massive tokenized fund explores new blockchain territory.

The $2 Billion Gateway

BlackRock's BUIDL fund—already the heavyweight champion of tokenized treasury products—is testing the waters beyond Ethereum. Sources confirm the financial giant is evaluating XRP Ledger integration, a move that would mark the first major institutional deployment on the blockchain since Ripple's regulatory battles concluded.

Infrastructure Play

XRP Ledger's low transaction costs and settlement speed under three seconds present compelling advantages for large-scale fund operations. The expansion would demonstrate blockchain-agnostic strategy becoming standard among institutional players—no longer wedded to single-chain solutions.

Market Implications

This isn't just about diversification—it's about validation. When a $2 billion fund explores alternative ledgers, it signals maturation beyond crypto-native experiments into serious financial infrastructure. Traditional finance finally understands that different blockchains serve different purposes—even if they're still figuring out the difference between a wallet and a brokerage account.

The expansion could trigger domino effect adoption among other asset managers still watching from sidelines. Because nothing moves institutional money faster than seeing BlackRock's stamp of approval—except maybe fear of missing out on higher yields.

Wall Street's blockchain dance continues—and this time they're learning new steps beyond the Ethereum two-step.

RLUSD integration

As part of the collaboration, Ripple and Securitize are rolling out a smart contract integration that embeds RLUSD into the tokenization platform.

The contract will allow investors to exchange shares in tokenized funds such as BlackRock’s BUIDL and VanEck’s VBILL for RLUSD 24/7.

The integration is designed to enhance liquidity and offer investors a seamless way to move between tokenized money market funds and on-chain stable assets. While RLUSD for BUIDL is already live, VBILL support is expected to follow shortly.

Ripple’s president, Monica Long, said the collaboration highlights RLUSD’s accelerating institutional adoption, noting that:

“Last week we announced DBS and Franklin Templeton using $RLUSD as a liquid, stable and compliant exchange mechanism for tokenized assets in lending and trading use cases. This week, Securitize added RLUSD as a new offramp for BlackRock and VanEck’s tokenized funds.”

According to CryptoSlate data, RLUSD is among the fastest-growing stablecoins, now commanding a market capitalization of $741.4 million. Its integration into leading tokenized funds positions it as a Core player in the intersection of traditional finance and blockchain.