coindesk.com
Ripple, the blockchain company closely associated with the XRP Ledger network, is providing $150 million in financing to LMAX Group in a multi-year deal aimed to push its stablecoin in institutional trading.
The agreement, announced on Thursday, aims to bring Ripple’s RLUSD token into LMAX’s global exchange infrastructure as a core collateral and settlement asset.
The funding will help LMAX expand its cross-asset capabilities, enabling clients—including major banks, brokers and asset managers — to use RLUSD across spot crypto, perpetual futures and CFDs, the companies said. The integration is designed to unlock margin efficiency, reduce capital friction and offer around-the-clock access to both digital and traditional assets.
The move comes as LMAX reported $8.2 trillion in institutional trading volume last year and reflects broader momentum behind stablecoins as tools for institutional market access, not just crypto-native use. Ripple is aiming to position its RLUSD token as a highly-regulated stablecoin for institutions. Since launched in little more than a year ago, its market capitalization surpassed $1.4 billion, RWA.xyz data shows.
"This is a strategic partnership," David Mercer, CEO of LMAX Group, said in a statement. "The backing from Ripple supports our long-term plan to create a unified, regulated marketplace that spans FX and crypto."
For institutions, the partnership could simplify capital deployment. For example, a broker currently managing separate margin pools for different asset classes might use RLUSD to consolidate collateral across LMAX’s platforms — streamlining operations and freeing up liquidity.
RLUSD will also be available through LMAX Custody using segregated wallets and via LMAX Kiosk, which allows trading across FX and crypto using stablecoin collateral. Ripple Prime’s integration with LMAX’s exchange will give clients access to deeper liquidity and unified credit infrastructure.