Ripple invests $150 million in LMAX to promote the use of the RLUSD stablecoin in institutional market settlements.

PANews reported on January 15th that Ripple and LMAX Group announced a multi-year strategic partnership agreement. Ripple will provide $150 million in funding to facilitate the widespread adoption of the RLUSD stablecoin as a margin and settlement asset within the LMAX global institutional trading system. RLUSD will support crypto, perpetual contracts, CFDs, and some fiat-to-crypto products, aiming to improve cross-asset margin efficiency and achieve 24/7 on-chain settlement. The partnership also includes RLUSD custody through the LMAX Custody segregated wallet and integration with Ripple Prime to expand institutional liquidity and reduce market fragmentation.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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