LMAX Group Adds Ripple’s RLUSD Stablecoin For Global Exchange After $150 Million Deal
LMAX Group has announced a major partnership with Ripple, supported by a $150 million investment, to integrate Ripple’s RLUSD stablecoin into its global exchange infrastructure. The RLUSD will serve as a foundational collateral asset, enabling institutional clients—including banks, brokers, and buy-side firms—to improve cross-collateralization and margin efficiency across spot crypto, perpetual futures, and CFDs. Key benefits include enhanced liquidity, 24/7 market access, and secure custody via segregated wallets. LMAX CEO David Mercer highlighted RLUSD’s role in bridging traditional finance and digital assets, while Ripple’s Jack McDonald emphasized the partnership’s potential to expand RLUSD adoption in sophisticated trading environments.
bitcoinist01/16 12:03