Ripple to provide $150 million in financing to LMAX Group to promote RLUSD adoption in institutional trading
Foresight News reported, according to The Block, that Ripple has reached a multi-year strategic partnership with institutional trading platform LMAX Group. Ripple will provide $150 million in financing to LMAX Group to support its cross-asset growth strategy. As part of the agreement, LMAX Group will adopt Ripple's stablecoin RLUSD as the core collateral asset for its global institutional trading infrastructure. This move will allow banks, brokers, and buy-side institutions to use RLUSD for margin and settlement in spot crypto, perpetual futures, CFDs, and certain fiat trading pairs. Additionally, RLUSD will be offered through segregated wallets by LMAX Custody, enabling clients to move collateral across asset classes within its ecosystem. The partnership also includes the integration of LMAX Digital with Ripple's prime brokerage business, Ripple Prime.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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