According to ChainCatcher, Ripple and LMAX Group have announced a multi-year strategic partnership. Under the agreement, Ripple will provide $150 million in financing to support the widespread adoption of RLUSD stablecoin as collateral and settlement asset within LMAX's global institutional trading platform. RLUSD will support crypto assets, perpetual contracts, CFDs, and certain fiat cross products, aiming to improve cross-asset collateral efficiency and enable 24/7 on-chain settlement. The collaboration also includes RLUSD being held in segregated wallets via LMAX Custody, as well as integration with Ripple Prime to expand institutional liquidity and reduce market fragmentation.
Ripple Invests $150 Million in LMAX to Expand RLUSD Stablecoin Usage in Institutional Markets
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Summary
Ripple has invested $150 million in LMAX to promote the adoption of the RLUSD stablecoin in institutional markets. The partnership will integrate RLUSD as a collateral and settlement asset across LMAX's trading platforms, including cryptocurrency, perpetual contracts, CFDs, and fiat cross-trading. LMAX Custody will hold RLUSD in segregated wallets, while Ripple Prime will assist in expanding liquidity. As alternative coins to watch gain momentum, this move aligns with evolving market dynamics. Traders are closely monitoring the fear and greed index amid rising institutional on-chain activity.
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