TheBlock
DriveWealth is integrating Ripple’s RLUSD stablecoin, settlement, cross-border payments and digital asset custody services into its brokerage platform. The rollout starts in Europe, with expansion to the United States planned. On the XRP Ledger, clients will be able to fund and manage collateral accounts with stablecoins that convert to cash in near real time. The companies are also exploring equity financing opportunities through Ripple Prime.
DriveWealth CEO Naureen Hassan said the firm’s 24/5 trading model needs funding that can keep pace with markets. The partnership is intended to let client capital move outside traditional market hours, rather than sit idle overnight or over a weekend. DriveWealth is also bringing treasury and custody infrastructure onto Ripple’s rails.
Why it matters
The integration places RLUSD inside brokerage funding and collateral workflows, connecting a dollar stablecoin to settlement, custody and cross-border payments. That gives institutional users a route to manage cash-like balances alongside digital assets within a platform built for trading.
The deal adds to Ripple’s recent institutional push. Standard Chartered launched custody for RLUSD on the XRP Ledger this week, while Ripple and LMAX Group earlier agreed on $150 million in financing to expand institutional stablecoin use. Ripple also partnered with Stripe-owned Privy this week to bring embedded wallets to the XRP Ledger.
Market impact
The companies have not disclosed a launch date for the integration or detailed the timing of U.S. expansion. The initial European rollout will show how the service works in brokerage settlement and collateral management, while the planned U.S. expansion could widen its institutional reach.
DriveWealth and Ripple are due to discuss the partnership at Ripple Swell on Oct. 28. The agreement expands RLUSD’s practical use cases, though the announcement does not specify transaction volumes or adoption targets.
Frequently asked questions
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Where will DriveWealth first roll out RLUSD settlement?
The integration will start in Europe, with expansion to the United States planned.
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How will DriveWealth clients use RLUSD?
Clients will be able to fund and manage collateral accounts with stablecoins that convert to cash in near real time on the XRP Ledger.
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What other Ripple services are part of the partnership?
DriveWealth is integrating settlement, cross-border payments and digital asset custody services, and bringing treasury and custody infrastructure onto Ripple’s rails.
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Why does the partnership matter for DriveWealth’s trading model?
CEO Naureen Hassan said DriveWealth’s 24/5 trading needs funding that keeps pace with markets, allowing capital to move beyond traditional market hours.
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What other institutional RLUSD developments were cited?
Standard Chartered launched custody for RLUSD on the XRP Ledger this week. Ripple and LMAX Group previously agreed on $150 million in financing to expand institutional stablecoin use.
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