Ripple and DriveWealth Partner for RLUSD US Stock Trading Settlements
Key Facts
Ripple announced a partnership with DriveWealth to integrate the RLUSD stablecoin into US stock trading settlements. Coinpaper reported that the agreement will enable over 100 brokerage partners to access faster global funding by utilizing the XRP Ledger network.
The collaboration aims to enhance the efficiency of settlement processes and provide advanced infrastructure for DriveWealth's global network of partners. This move reflects Ripple's strategy to expand the utility of its RLUSD stablecoin and blockchain technology within traditional financial markets, focusing on accelerating international funding flows.
Latest Updates · 2
- Notable·
Update: Ripple launched Ripple Prime to enable eligible institutional clients to trade perpetual derivatives of traditional assets. The new service utilizes Hyperliquid infrastructure to provide 24/7 access to derivatives markets, expanding the company's suite of institutional financial offerings.
- Notable·
Update: Ripple expanded its institutional presence in South Korea alongside its partnership with DriveWealth. This expansion reflects the company's strategy to bolster its financial technology footprint in key Asian markets in addition to its US-based growth.