XRP Ledger Integration with Securitize Boosts Institutional Adoption

XRP's latest price was $2.83, down 0.869% in the last 24 hours. Tokenization platform Securitize is planning to integrate with the XRP Ledger (XRPL), a move that could bring BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) directly onto the blockchain network. This development signifies a growing connection between institutional finance and blockchain infrastructure, as well as an expansion of XRPL’s role in the real-world asset (RWA) sector. In recent months, XRPL has attracted several institutional adopters, including Guggenheim, VERT, and Dubai Land Registry, which has pushed the ledger into the top ten blockchains for RWA activity. Ripple has further reinforced this momentum by publishing a roadmap that positions XRPL, along with native assets XRP and RLUSD, as infrastructure for stablecoin payments, collateralized lending, and broader institutional use cases. The potential arrival of the $2 billion BUIDL fund on XRPL would be a significant milestone, given its status as the industry’s largest tokenized money market fund.

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. This 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, highlighted RLUSD’s accelerating institutional adoption, noting that DBS and Franklin Templeton are using RLUSD as a liquid, stable, and compliant exchange mechanism for tokenized assets in lending and trading use cases. Securitize has also added RLUSD as a new offramp for BlackRock and VanEck’s tokenized funds. 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.

In recent months, there have been discussions and debates regarding the international banking network SWIFT integrating Ripple’s XRP Ledger for real-time cross-border transactions. As of September 2025, the conversation around Ripple, XRP, and SWIFT has taken a fresh turn. SWIFT has been running trials with blockchain systems, including the XRP Ledger and Hedera, to test how distributed ledgers could plug into its cross-border payments infrastructure. Meanwhile, Ripple has gained momentum with institutional adoption through tokenized money market funds and its RLUSD stablecoin. Regulatory clarity in the US has also reduced some uncertainty around XRP. However, the picture is far from settled. SWIFT has not confirmed a formal partnership with Ripple and it also didn’t make any formal commitment to using XRP in production. What remains unclear is whether SWIFT will treat XRP Ledger as a core settlement option or simply keep it as one of several blockchains in a broader interoperability framework.

SWIFT has been explicit that it does not want to issue its own digital assets or pick winners. Its goal is to be the “messaging and interoperability layer” for 11,000+ member institutions. That makes direct, wholesale adoption of any single asset like XRP unlikely. SWIFT has tested multiple ledgers, including XRP Ledger, Hedera, and others, for tokenized settlement and cross-border experiments. The framing is “plug-and-play” interoperability, not single-rail dependency. XRP Ledger is one of the candidates in trials, but not the only one. From a technical perspective, XRPL is compatible and could slot into SWIFT’s modernization strategy. XRPL’s consensus mechanism offers 3 to 5 seconds settlement, with low fees, which matches SWIFT’s modernization goals. RippleNet’s On-Demand Liquidity (ODL) already demonstrates using XRP to source cross-border liquidity, something SWIFT’s correspondent banking lacks. XRPL is ISO 20022-compatible, which matters since SWIFT is mandating migration by November 2025. Ripple has resolved much of its US legal uncertainty after years of SEC litigation. That de-risks XRP in institutional contexts. However, global regulators still treat XRP as a “high-risk” token in some markets, compared with central bank digital currencies (CBDCs) or regulated stablecoins. Banks tend to prefer assets with minimal compliance friction. Stablecoins and tokenized deposits may enjoy a regulatory edge. XRP’s legal position has improved. Yet, it’s still riskier for SWIFT to endorse outright compared with stablecoin integrations.

Ripple has momentum with DBS, Franklin Templeton, and Ripple’s RLUSD stablecoin project as examples of real tokenization use on XRPL. Shariah compliance approvals also expand its market potential in Islamic finance. SWIFT is watching where liquidity builds. If XRP consistently captures tokenized fund and settlement flows, its odds rise. If Ripple keeps stacking institutional partnerships, SWIFT has a practical reason to treat XRPL as a viable option. It is realistic that XRP Ledger becomes one of the ledgers integrated into SWIFT’s interoperability framework. However, it’s not realistic that SWIFT will integrate XRP exclusively or position it as the default backbone of global payments. The most likely outcome is a multi-rail setup, where XRP is available as an option for institutions that value its liquidity and settlement speed.

Morgan Stanley, often viewed as a bellwether for institutional finance, has resurfaced in the blockchain-versus-SWIFT debate. A republished excerpt in the Review of Banking & Financial Law (Vol. 36), highlighted by crypto researcher SMQKE, suggests the bank sees Ripple-like systems as a credible alternative to SWIFT, a view that could significantly influence how global banks evaluate blockchain for cross-border payments. SWIFT has dominated interbank messaging for decades, but its correspondent model is slow, costly, and capital-intensive. Morgan Stanley’s cited analysis underscores Ripple’s edge, near-instant settlement, faster transaction cycles, and up to 60% lower fees on some remittances. Those advantages are fueling renewed demand from banks and remittance providers for rails that unlock liquidity and deliver better customer outcomes.

The REX-Osprey exchange-traded fund (ETF) designed to track XRP commenced trading on September 18, 2025, marking a significant development for the virtual currency's integration into mainstream financial markets. Analysts have highlighted that investors anticipating an immediate boost to XRP's market activity from the ETF launch could face initial disappointment, based on historical trends observed with similar products for other major cryptocurrencies, which often triggered short-term volatility and profit-taking before stabilization. Long-term perspectives remain positive, however, as the approval represents a key step towards broader institutional adoption, with multiple pending ETF applications expected to advance in regulatory processes across various jurisdictions.