BlockBeats news: On January 15, according to The Block, LMAX Group has entered into a multi-year strategic partnership with Ripple. Ripple will provide a $150 million financing commitment to support LMAX in advancing its long-term cross-asset growth strategy.
According to the agreement, LMAX Group will integrate Ripple USD (RLUSD) as a core collateral asset within its global institutional-grade trading infrastructure. This will enable banks, brokers, and buy-side institutions to use the stablecoin for margin and settlement in spot crypto asset trading, perpetual contracts, contracts for difference (CFDs), and certain fiat currency trading pairs. Ripple stated that this funding demonstrates its long-term commitment to accelerating the convergence of traditional capital markets and digital capital markets.
This collaboration positions RLUSD as a bridge between traditional market infrastructure and on-chain settlement. As more institutional trading venues explore replacing fiat currencies with stablecoins to enhance collateral liquidity and enable 24/7 uninterrupted usage, RLUSD's role will become increasingly critical. LMAX also stated that RLUSD will be offered through LMAX Custody, utilizing an isolated wallet mechanism that allows clients to flexibly allocate collateral across different asset classes within its ecosystem.