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Ripple Pledges $150 Million as LMAX Adopts RLUSD for Core Collateral Across Institutional Markets

LMAX will use the stablecoin to enable 24/7 collateral-based settlement across FX and digital asset venues.

Overview

  • The multi-year partnership makes RLUSD a core collateral and settlement asset for spot crypto, perpetual futures, CFDs, and selected FX products on LMAX platforms.
  • LMAX Custody will provide segregated-wallet storage, and LMAX Kiosk will offer institutional on-ramps to support around-the-clock use of RLUSD.
  • LMAX Digital will connect to Ripple Prime, giving institutions access to brokerage and credit services designed to reduce market fragmentation and counterparty risk.
  • Ripple says it maintains more than 75 regulatory licenses worldwide, while LMAX leaders and Ripple’s stablecoin chief framed the deal as a step toward broader institutional stablecoin adoption.
  • LMAX reported $8.2 trillion in institutional exchange volumes in 2025, highlighting the scale at which RLUSD could be deployed.