According to CoinEdition, Ripple has partnered with tokenization platform Securitize to integrate BlackRock’s $2 billion USD Institutional Digital Liquidity Fund (BUIDL) onto the XRP Ledger (XRPL). The integration allows BUIDL and VanEck’s VBILL tokenized fund holders to redeem shares for RLUSD or ETH 24/7, adding a liquidity off-ramp for tokenized assets. XRP is currently trading at $2.86, down over 5% in the past week and has dropped to fourth in market cap. The token is consolidating within a descending triangle pattern, with a key resistance level at $3.16.
Ripple and Securitize Partner to Bring BlackRock's $2B BUIDL Fund to XRPL
CoinEditionShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.