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$150 million support, RLUSD becomes a new collateral for institutional trading
【Blockchain Rhythm】Another major move. On January 15, Ripple and LMAX Group announced a multi-year strategic partnership, with the former committing $150 million in funding to support the latter’s cross-asset growth plans.
The key highlight is that LMAX Group will introduce Ripple USD (RLUSD), a stablecoin, into its global institutional trading system. Simply put, major players like banks, brokers, and buy-side institutions will be able to use RLUSD as collateral and settlement currency for spot crypto trading, perpetual contracts, CFDs, and some fiat trading pairs.
What’s interesting about this is—RLUSD is becoming a bridge between traditional trading infrastructure and on-chain settlement. As more institutional exchanges start replacing fiat with stablecoins to enhance collateral liquidity and enable 24/7 seamless trading, the role of stablecoins is evolving from a “payment tool” to “financial infrastructure.” LMAX has also launched an isolated wallet mechanism, allowing clients to flexibly allocate collateral across different asset classes within its ecosystem.
The deeper logic behind Ripple’s funding is clear—it aims to promote the true integration of traditional capital markets and digital capital markets. Rather than just a simple business partnership, it’s more like testing how high the ceiling for stablecoin applications at the institutional level can go.