LMAX Group and Ripple Labs today announced a strategic partnership in which Ripple will invest $150 million to integrate the RLUSD stablecoin into LMAX’s institutional trading platform, aiming to accelerate the convergence of traditional and digital capital markets. The deal targets broader institutional adoption and tighter links between fiat and crypto markets.
“Partnering with a leader like Ripple is a milestone for LMAX, reflecting confidence and momentum in our cross-asset growth strategy. With the benefit of greater US and global regulatory clarity, fiat-backed stablecoins will be a key catalyst in driving the convergence of TradFi and digital assets, and we firmly believe that RLUSD is positioned at the forefront. We are thrilled to partner with the forward-looking leadership team at Ripple as together we develop a modern financial ecosystem and the complete cross-asset marketplace for institutions globally.” — said David Mercer, Chief Executive Officer of LMAX Group.
“Institutions are increasingly recognising the transformative potential of blockchain technology to modernise global financial market structure. 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.” — said Jack McDonald, SVP of Stablecoins at Ripple Labs.
LMAX said the integration will enable institutional on-ramps via LMAX Kiosk, provide 24/7 cross-asset access through RLUSD fungibility, and improve liquidity and settlement for spot crypto and fiat crosses. The firm also highlighted margin efficiency for perpetual futures and CFDs, plus secure custody via LMAX Custody using segregated wallets.
LMAX handled $8.2 trillion in institutional trading volume last year, underscoring the deal’s potential scale. (Ed. note: This volume highlights the platform’s institutional reach.)
The article noted technical levels for XRP, with support at $1.95, resistance clustered between $2.40 and $2.60, and the 200-day moving average at $2.32; a clear break above $2.60 could open a path toward $3 and higher.
