According to The Block, brokerage infrastructure company DriveWealth has announced a partnership with Ripple to integrate Ripple’s RLUSD stablecoin into its platform for cross-border settlement, stablecoin payments, and digital asset custody services. The collaboration will operate on the XRP Ledger, enabling clients to fund collateral accounts 24/7 and support near-real-time conversion of stablecoins into cash. The partnership will initially launch in Europe, followed by expansion to the United States, with both parties also exploring equity financing opportunities through Ripple Prime. This collaboration further advances RLUSD’s integration into institutional financial infrastructure, following Standard Chartered’s announcement this week of RLUSD custody services.
DriveWealth Partners with Ripple to Integrate RLUSD for Cross-Border Settlements
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Summary
DriveWealth announced a partnership with Ripple to integrate the RLUSD stablecoin into its platform for cross-border settlements and digital asset custody. The integration will operate on the XRP Ledger, enabling clients to fund accounts 24/7 and convert stablecoins to cash in near real-time. The digital asset initiative will launch in Europe before expanding to the U.S., with plans to explore equity financing through Ripple Prime. This follows Standard Chartered’s recent launch of RLUSD custody, further embedding the token into institutional systems.
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