Ripple has committed US$150 million to LMAX Group, a major global institutional trading platform, in a strategic push to expand adoption of RLUSD, its regulated U.S. dollar‑pegged stablecoin, among institutional investors, according to CoinDesk.
Under the deal, LMAX, known for its deep liquidity and institutional‑grade execution services, will integrate RLUSD across its platform, positioning the asset as a settlement and liquidity option alongside traditional forex pairs and digital assets. The investment reflects Ripple’s effort to accelerate enterprise use cases for stablecoins in capital markets, where efficiency, regulation and counterparty trust are key priorities.
RLUSD, issued by a Ripple‑regulated subsidiary, is designed to comply with U.S. and international stablecoin frameworks and is backed on a 1:1 basis with fiat reserves. Ripple executives say the coin is tailored for institutional workflows, from cross‑border payments to treasury operations and digital asset trading, and that deep liquidity via LMAX could broaden its appeal beyond retail use.
LMAX’s integration of RLUSD will include support for settlement, custody and market making, giving institutional participants the ability to move value more quickly and transparently than traditional rails often allow. Ripple’s capital injection is expected to underpin liquidity provisioning and infrastructure development to support these services.
The partnership arrives amid heightened interest from banks, hedge funds and payment firms in stablecoin solutions capable of reducing friction in settlement cycles and FX exposure. Institutions typically demand high compliance standards, transparent reserves and robust audit trails, criteria Ripple says RLUSD meets as part of its regulated stablecoin suite.
Ripple has been pushing deeper into stablecoin and tokenisation markets as part of a broader strategy to diversify beyond its XRP token and payments software. Investors and institutional clients have increasingly sought regulated digital assets that can integrate with existing financial systems without creating undue liability.
Analysts say the collaboration with LMAX could help RLUSD achieve greater institutional credibility by aligning with a platform that has established native workflows for professional traders and asset managers. Deep liquidity and easier integration into institutional order books are viewed as important differentiators in a crowded stablecoin landscape.
The investment also highlights the growing trend of strategic capital deployment by blockchain firms into traditional market infrastructure, a sign that digital asset projects are seeking closer ties with mainstream finance rather than operating in isolated crypto ecosystems.
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