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Ripple partners with DriveWealth, a global brokerage infrastructure provider, to bring blockchain payments, stablecoin settlement, and digital asset custody to traditional financial markets.
Ripple has formed a new partnership with DriveWealth, a global brokerage infrastructure provider, to bring blockchain payments, stablecoin settlement, and digital asset custody to traditional financial markets. This collaboration will integrate Ripple's institutional products with DriveWealth's global investment infrastructure, primarily focusing on institutional settlement using the USD-backed stablecoin RLUSD. RLUSD settlement will first launch in Europe, followed by the United States, enabling institutional clients to fund and manage their collateral accounts with stablecoins, reducing reliance on traditional bank transfers. Additionally, this partnership will provide new equity financing opportunities for Ripple's Prime brokerage business.
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