Ripple invests $150M in LMAX to expand RLUSD use across FX and crypto markets
Ripple is investing $150 million in LMAX Group to integrate RLUSD as core collateral across its institutional trading platforms.Summary
Ripple and LMAX Group have entered a multi-year partnership where Ripple will invest $150 million to support LMAX's cross-asset expansion. A key component of this deal is the integration of RLUSD, Ripple's fiat-backed stablecoin, as core collateral across LMAX's global institutional trading platforms. This integration will allow institutional clients to use RLUSD for trading spot crypto, perpetual futures, and CFDs, and it will also be available via LMAX Custody and Kiosk for 24/7 collateral utility across FX and crypto products. The collaboration aims to accelerate the convergence of traditional finance (TradFi) and digital assets by combining LMAX's regulated infrastructure with Ripple Prime's stablecoin brokerage services.
(Source：Crypto Briefing)