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XRP 
RLUSD BlackRock and Ripple Linkage: A New Path for Continuous Settlement of Tokenized Treasury Bonds
BlackRock's BUIDL Fund is connected to RLUSD through the Securitize platform, providing institutions with a channel from exposure to tokenized treasury bonds to settlement. Ondo's OUSG product introduces BUIDL into the XRP ledger (XRPL), while RLUSD centers around the tokenized treasury bond structure to provide institutions with casting and redemption support. As tokenized products expand on the blockchain track, XRP, as a native asset of XRPL, continues to support functions such as fees, reserves, settlement and liquidity.
BUIDL connects treasury bond exposure to RLUSD
X Finance Bull recently pointed out that investors should pay attention to the movements of BlackRock's funds. This view points to BUIDL, Securitize, Ripple and RLUSD, and views these connections as evidence of institutional blockchain infrastructure expansion and round-the-clock settlement.
BlackRock launched BUIDL as a tokenized treasury bond fund, and Securitize served as its transfer agent and tokenization platform. Subsequently, BlackRock became a strategic investor in Securitize, further consolidating the cooperative relationship between the two parties. Securitize has developed infrastructure with Ripple around BUIDL and RLUSD, allowing BUIDL holders to convert tokenized shares into RLUSD. For eligible institutional participants, this channel can continue to operate beyond traditional market trading hours, providing liquidity.
This structure connects treasury bond exposure to the digital dollar track. Institutions can thus move from BUIDL to RLUSD through tokenization infrastructure, thereby reducing their reliance on traditional market settlement schedules and fixed trading hours.
OUSG opens another institutional channel
Relevant information shows that another connection is achieved through Ondo's OUSG products. BUIDL is part of OUSG, which is already running on the XRP ledger. Relevant portfolio data shows that BUIDL's exposure is close to US$101.42 million.
Securitize is also integrating tokenized infrastructure with XRP ledgers. At the same time, OUSG is using XRPL to build its blockchain infrastructure. These developments have brought tokenized treasury bond exposure closer to the public ledger settlement infrastructure used by institutions.
Ripple and Ondo received liquidity commitments around OUSG deployment on XRPL. RLUSD provides casting and redemption channels. Together, these arrangements open up a parallel path for institutions from BUIDL exposure to blockchain liquidity and settlement.
In the structure described, the two paths are independent of each other: one connects BUIDL through Securitize, Ripple, and RLUSD; the other connects BUIDL through OUSG, XRPL, and RLUSD, forming parallel institutional channels.
XRP remains the native infrastructure of XRPL
XRP supports transaction fees and account reserves on the XRP ledger, as well as providing settlement and liquidity functions for supported transactions within the network. However, tokenized treasury bond activity does not automatically create XRP demand for every transaction.
According to the latest data from CoinMarketCap, XRP's current trading price is approximately US$1.47, ranking fifth in market value, approximately US$92.4 billion, and the 24-hour trading volume exceeds US$6 billion. Relevant data shows that BlackRock manages assets of US$15.3 trillion, and the portion related to digital assets is close to US$150 billion, including approximately US$80 billion in digital assets ETP and US$65 billion in stablecoin reserves.
The broader structure places traditional assets in parallel with the blockchain settlement track long used by global institutions. BUIDL connects treasury bond exposure to tokenized infrastructure and digital dollars, while XRPL provides the ledger basis for related institutional products to operate within this framework.
