Ripple pours $150M into LMAX to boost RLUSD stablecoin for institutions
Ripple has committed $150 million to LMAX in a deal that will embed its RLUSD stablecoin — which commands roughly $1.4 billion in circulation — directly into LMAX’s exchange infrastructure. The integration gives institutional clients native access to RLUSD for trading, custody and settlement without routing through traditional fiat rails, a step designed to speed liquidity and reduce settlement costs for high-volume counterparties. This partnership matters because it brings a regulated matching engine together with a dollar-denominated on‑chain asset, potentially widening RLUSD’s utility among banks, broker‑dealers and asset managers. For markets, the integration could deepen liquidity and create new institutional onramps; for Ripple, it furthers a strategy of embedding RLUSD into traditional trading venues while keeping an eye on compliance and custodial arrangements.