Ripple invests $150 million in LMAX to promote the use of the RLUSD stablecoin in institutional market settlements.

Ripple will provide $150 million in funding to facilitate the widespread adoption of the RLUSD stablecoin as a margin and settlement asset within the LMAX global institutional trading system. The partnership also includes RLUSD custody through the LMAX Custody segregated wallet and integration with Ripple Prime to expand institutional liquidity and reduce market fragmentation.