LMAX and Ripple Forge Long-Term Alliance to Bring RLUSD Into Institutional Trading

LMAX and Ripple Forge Strategic Partnership

(Source: LMAX)

LMAX Group has announced a multi-year strategic partnership with Ripple, featuring a $150 million financing commitment from Ripple. This capital will support LMAX’s long-term cross-asset expansion, demonstrating both companies’ strong alignment on advancing institutional digital asset market integration.

RLUSD Added to LMAX Global Trading Infrastructure

Under the agreement, LMAX will integrate Ripple USD (RLUSD) as a core collateral asset within its global institutional trading system. Banks, brokerages, and buy-side firms will be able to use RLUSD for margin and settlement operations across multiple trading scenarios, including spot crypto assets, perpetual contracts, contracts for difference (CFDs), and select fiat cross trades.

Ripple stated that this financial and technology partnership reflects its long-term strategy to accelerate the convergence of traditional finance and digital capital markets.

Stablecoins Bridge Traditional Markets and On-Chain Settlement

As institutional trading platforms increasingly consider stablecoins as alternatives to fiat currency, RLUSD is positioned as a vital tool for linking established market structures with on-chain settlement. The immediacy and mobility of stablecoins empower institutions to optimize collateral allocation and enable 24/7 market operations.

LMAX Custody Enables Segregated Wallet Architecture

LMAX further announced that RLUSD will also be available through LMAX Custody, utilizing a segregated wallet structure. This design allows clients within the LMAX ecosystem to efficiently transfer collateral across different asset classes while maintaining clear fund management and risk controls.

Regulatory Clarity Accelerates Stablecoin Adoption

David Mercer, CEO of LMAX Group, noted that the global regulatory landscape is becoming clearer, paving the way for fiat-backed stablecoins to play a pivotal role in institutional markets. He believes RLUSD is at the forefront of the transformation, with stablecoins emerging as the backbone for collateral and settlement infrastructure.

Jack McDonald, Ripple’s Senior Vice President of Stablecoin Business, observed that a growing number of institutions are turning to blockchain architecture to modernize financial market operations. Through its partnership with LMAX, RLUSD will accelerate its entry into large-scale, compliant institutional trading environments. LMAX reported $8.2 trillion in trading volume last year, highlighting its significant market influence.

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Summary

This collaboration also includes technical integration. LMAX Digital will connect with Ripple Prime—Ripple’s multi-asset prime brokerage service—enabling Ripple Prime clients to use LMAX Digital for price discovery and deep liquidity. Both parties stated that this integration will help reduce market fragmentation and minimize counterparty risk for institutional traders.