Ripple Signs $150 Million Strategic Partnership with LMAX Group to Integrate RLUSD

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Source: CryptoNewsNet Original Title: Ripple (XRP) Takes a Huge New Step Worth $150 Million Original Link: https://cryptonews.net/news/market/32284939/ As part of its strategy to strengthen institutional trading infrastructure, Ripple has signed a multi-year strategic partnership with LMAX Group.

Under the agreement, Ripple will provide a $150 million funding commitment to support LMAX’s long-term cross-asset growth strategy.

As part of the partnership, LMAX Group will integrate Ripple USD (RLUSD) as a primary collateral asset into its global, institutional-level trading infrastructure. This integration will allow banks, brokerage firms, and institutional investors to use RLUSD in collateralization and settlement processes for spot cryptocurrencies, perpetual futures, contracts for difference (CFDs), and select fiat currency trading pairs.

Ripple stated that this funding reflects a long-term commitment to accelerating the convergence between traditional finance and digital asset markets. The collaboration positions RLUSD as a bridge between traditional market infrastructures and on-chain consensus.

On the other hand, LMAX Group announced that RLUSD will be offered through LMAX Custody and will operate with a decoupled wallet mechanism. This structure will allow clients to flexibly allocate their collateral among different asset classes within the LMAX ecosystem.

XRP1,05%
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