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BlackRock’s $2 billion Institutional Digital Liquidity Fund (BUIDL) is expanding onto the XRP Ledger (XRPL). Ripple and tokenization platform Securitize have been named as the key partners driving the integration, which is to be executed through a new RLUSD smart contract. The timing of the expansion is significant, coming just as XRPL has reached a new milestone of more than 5.6 million accounts. With the new smart contract, BUIDL investors can directly swap tokenized shares for RLUSD at any time.  Also integrated with VanEck’s tokenized money-market fund, the stablecoin is backed 1:1 with liquid reserves and issued under a New York Department of Financial Services (DFS) trust charter.  How do you unlock real-time liquidity for institutional assets? With $RLUSD. https://t.co/2TvkEmSKTk Our new partnership with @Securitize will allow holders of @BlackRock's $BUIDL and @VanEck_US's $VBILL to instantly exchange their shares for $RLUSD, thereby p...

California DMV’s chief digital officer Ajay Gupta emphasized that the agency is looking to modernize its current systems and bring greater transparency to car title transfers. The California Department of Motor Vehicles (DMV) is testing out the digitization of car titles and title transfers via a private Tezos blockchain. The move is part of a collaboration between the California DMV, Tezos and blockchain software firm Oxhead Alpha, with the latter announcing t successful proof-of-concept on Jan. 25. The California DMV has tapped Oxhead Alpha to build on a private Tezos testnet that it has dubbed a “shadow ledger.” It is essentially designed to become a blockchain-based replication of the agency’s current database. The California DMV’s chief digital officer Ajay Gupta told Fortune on Jan. 26 that the agency is looking to have the shadow ledger ironed out within the next three months. Following on from that, it is looking to roll out applications such as digital wallets to hold and...