Ripple has announced a strategic partnership with LMAX Group, committing $150 million in funding to support LMAX's cross-asset growth strategy. This multi-year agreement will see LMAX integrate Ripple USD (RLUSD) as a core collateral asset within its institutional-grade trading infrastructure. The integration will allow banks, brokers, and buy-side institutions to use RLUSD for margin and settlement in various trading activities, including spot crypto asset trading and certain fiat currency pairs.
Ripple's investment underscores its commitment to bridging traditional and digital capital markets, positioning RLUSD as a key asset in enhancing collateral liquidity and enabling 24/7 trading. LMAX will offer RLUSD through LMAX Custody, providing clients with flexible collateral allocation across different asset classes using an isolated wallet mechanism.
Ripple Commits $150M to LMAX for Cross-Asset Growth Strategy
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
