A crypto analyst has identified emerging technical connections between BlackRock and Ripple, suggesting potential collaboration. The analyst, Stern Drew, highlighted that BlackRock's $BUIDL tokenized fund is now operational on multiple blockchains through Wormhole, which interfaces with the XRP Ledger. Additionally, BlackRock's tokenization infrastructure is supported by Securitize, a platform backed by Ripple. These connections are based on infrastructure design rather than official announcements, indicating that XRP could serve as a settlement layer in institutional processes. The development underscores advancing backend integration between the two entities.