🤑 BlackRock and XRP Linked? 🤔 Analyst Uncovers Surprising Connection

The BlackRock and XRP story has been circling crypto forums for a while now, but on-chain researcher SMQKE has put something a bit more concrete on the table.

📑 A documented link between the $14 trillion asset manager and Ripple’s ecosystem is getting attention right now, and it runs through Wormhole, the blockchain interoperability protocol that powers BlackRock’s tokenization work and, at the time of writing, also carries Ripple’s RLUSD stablecoin across more than 40 different blockchains.

➡️ Wormhole Puts BlackRock And XRP On The Same Rails

Wormhole’s dev team announced that Ripple’s RLUSD stablecoin got added to the Native Token Transfers (NTT) standard,🔣meaning RLUSD can now move natively across 40-plus chains and pair with roughly 100 digital assets. Wormhole is also the primary interoperability layer behind BlackRock’s BUIDL fund operations.

❗️The two ecosystems now share the same rails, and the BlackRock and XRP question keeps coming up precisely because the infrastructure keeps overlapping.

“Remember, Wormhole facilitates direct interoperability for BlackRock and powers Securitize’s cross-chain capabilities which also utilizes RLUSD. Now, RLUSD is live on Wormhole. Another path of access for BlackRock to XRP. Documented,” — the analyst SMQKE stated.

➡️ BlackRock’s BUIDL fund sits inside the same RWA platform ecosystem where RLUSD handles transactions. RLUSD functions there as both a redemption rail and an on-chain liquidity provider, and the odds of a BlackRock-owned fund regularly interacting with Ripple’s stablecoin are, realistically, pretty high. 📈

This is also one of the reasons analysts keep returning to the BlackRock XRP connection: no formal announcement exists, yet the institutional plumbing keeps overlapping in ways that are now well-documented.

The BlackRock and XRP overlap here is really about infrastructure, the kind of compliant, enterprise-ready technical stack that Ripple built and that institutional operations now quietly build on top of. 🚀

#Stellar

@QSIMedia

🔥 SEC's proposal to scrap key NMS rules a major unlock for tokenized US stocks

The SEC has proposed eliminating core trade-through protections within Regulation NMS (National Market System), which could lift major barriers for tokenized U.S. stock trading in DeFi.

❗️On Thursday, the SEC announced proposed rescissions of Rules 611 and 610(e) of Regulation NMS, established in 2005, to promote the long-term growth of U.S. markets.

"This proposal is intended to simplify market structure and reduce costs for market participants while allowing competition, innovation, and other market forces to shape the continuing evolution of our equity markets," — said SEC Chairman Paul Atkins.

⚪️Rule 611 prohibits the trade-through of NMS stocks, which means a trading center cannot execute a trade at a price inferior to a protected quotation — the best displayed bid or offer — available on another venue at the time of execution.
⚪️Rule 610(e) prohibits trading centers from displaying quotations that create locked or crossed quotations in NMS stocks.

The SEC has opened a 60-day public comment period on the proposal, which also includes related definitions in Regulation NMS.

@QSIMedia