Ripple will provide $150 million in funding to LMAX Group to promote the application of RLUSD in institutional trading

Foresight News reports that, according to The Block, Ripple has reached a multi-year strategic partnership with institutional trading platform LMAX Group. Ripple will provide $150 million in funding to LMAX Group to support its cross-asset growth strategy. As part of the agreement, LMAX Group will use Ripple's stablecoin RLUSD as the core collateral asset for its global institutional trading infrastructure. This move will enable banks, brokers, and buy-side institutions to use RLUSD for margin and settlement in spot cryptocurrencies, perpetual futures, CFDs, and certain fiat trading pairs. Additionally, RLUSD will be available through LMAX Custody's segregated wallets, facilitating clients to move collateral across asset classes within its ecosystem. The partnership also includes integration between LMAX Digital and Ripple's principal broker business, Ripple Prime.
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