Ripple has signed a landmark multi-year agreement with LMAX Group aimed at accelerating institutional stablecoin adoption and unlocking seamless cross-asset mobility across global financial markets.
At the heart of the collaboration is the integration of Ripple’s U.S. dollar-backed stablecoin, RLUSD, as a core collateral asset across LMAX Group’s institutional trading infrastructure.
Under the partnership, LMAX will integrate RLUSD as both a core collateral and settlement currency, enabling global clients, including leading banks, brokers, and buy-side institutions, to unlock cross-collateralised trading and meaningful margin efficiencies.
Notably, this integration will allow institutions to deploy RLUSD seamlessly across spot crypto, perpetual futures, and CFD markets, optimizing capital efficiency and breaking down traditional asset-class silos.
Furthermore, the partnership is backed by a $150 million financing commitment from Ripple to fuel LMAX Group’s long-term cross-asset expansion. The investment underscores a shared vision to build a more efficient, on-chain financial ecosystem, enabling frictionless settlement, real-time value transfer, and institutional-grade reliability.
Jack McDonald, SVP of Stablecoins at Ripple, welcomed the partnership.
LMAX has long been a leader in providing the transparent, regulated infrastructure that institutional players require. This partnership will accelerate the utilisation of RLUSD—already a top 5 USD-backed stablecoin—within one of the largest and most sophisticated trading environments.
Integration Details and Client Benefits
A cornerstone of the partnership is the integration of LMAX’s digital assets exchange with Ripple Prime, Ripple’s multi-asset prime brokerage platform.
By uniting LMAX’s regulated, high-performance exchange infrastructure with Ripple Prime’s credit intermediation and brokerage capabilities, the collaboration creates a seamless, institutional-grade gateway to digital assets, reducing market fragmentation, optimizing collateral efficiency, and mitigating counterparty risk.
For LMAX Group clients, the integration unlocks immediate, tangible advantages. RLUSD will function as both a collateral and settlement currency across spot crypto and fiat FX markets, boosting liquidity and capital flexibility.
Margin efficiency is materially enhanced, as institutions can deploy RLUSD to fund margin for perpetual futures and CFD trading, streamlining collateral management and reducing the need to maintain fragmented capital pools.
Conclusion
The Ripple–LMAX partnership represents a major inflection point in institutional finance, uniting traditional markets and digital assets at scale. By embedding RLUSD as a core collateral and settlement asset, the collaboration transforms how capital is deployed, managed, and mobilized across asset classes.
Supported by Ripple’s $150 million financing and the integration of Ripple Prime, the alliance delivers a secure, scalable, and always-on trading ecosystem that eliminates long-standing market inefficiencies.
As institutional demand accelerates for seamless liquidity, capital efficiency, and 24/7 market access, the partnership firmly positions RLUSD, and stablecoins more broadly, as foundational infrastructure for the next era of on-chain, cross-asset financial markets.