Ripple Backs LMAX With $150M Deal To Scale RLUSD Adoption In FX Trading Use

TLDR

Table of Contents

Ripple will invest $150M to support LMAX cross-asset trading expansion.
LMAX will adopt RLUSD as collateral for FX, crypto, and CFD markets.
RLUSD integration includes LMAX Custody and LMAX Kiosk platforms.
Ripple Prime will connect institutional clients to LMAX liquidity services.

Ripple has committed $150 million to LMAX Group to widen the use of its RLUSD stablecoin. The move targets institutional trading across foreign exchange and crypto markets. The partnership links stablecoin rails with regulated trading platforms. Both firms aim to support cross-asset trading needs. The agreement also expands Ripple Prime access. It signals growing stablecoin use in institutional finance.

We are thrilled to announce a partnership with Ripple to accelerate institutional stablecoin adoption and cross-asset mobility.
This multi-year collaboration will see LMAX Group integrate RLUSD collateral across its institutional trading infrastructure enabling clients to… pic.twitter.com/xwFUWkj2vV
— LMAX Group (@LMAX) January 15, 2026

Ripple and LMAX Group announced a multi-year partnership focused on expanding RLUSD adoption. The funding will support LMAX’s cross-asset growth plans. RLUSD will become a core collateral option across LMAX institutional platforms. The rollout will cover FX, crypto, and derivatives products.

Ripple Investment Supports LMAX Cross-Asset Expansion

Ripple will provide $150 million in financing to support LMAX’s growth strategy. The funding targets infrastructure upgrades and cross-asset product development. LMAX plans to expand trading services across FX, crypto, and contracts for difference. The partnership also seeks to improve access for banks and institutional brokers.

LMAX operates regulated trading venues in several regions. The company serves institutional clients with low-latency execution services. The Ripple investment will help scale operations and connect digital asset rails with existing FX systems. Both firms aim to support large-volume trading activity.

Ripple stated that the funding aligns with its institutional strategy. The company continues to grow its stablecoin and custody services. The LMAX partnership adds another channel for RLUSD distribution. The move also increases Ripple’s footprint in regulated markets.

RLUSD Adoption Across Institutional Trading Platforms

LMAX will adopt RLUSD as collateral across its global trading platforms. Clients will be able to use RLUSD for spot crypto trades. The rollout will also support perpetual futures and CFD trading. The change enables stablecoin settlement across several asset classes.

RLUSD will be supported through LMAX Custody and LMAX Kiosk. These platforms allow collateral use across markets at all hours. Institutions can manage margin requirements with stablecoin balances. The setup reduces reliance on traditional fiat transfers.

David Mercer, chief executive of LMAX Group, addressed the role of stablecoins. He said, “With greater regulatory clarity, fiat-backed stablecoins will drive the convergence of traditional and digital markets.” He added that RLUSD is positioned for institutional use.

Integration With Ripple Prime and Institutional Access

The partnership includes integration with Ripple Prime services. LMAX Digital will connect with Ripple’s brokerage and liquidity tools. Ripple Prime clients will gain access to LMAX trading infrastructure. This setup supports execution and settlement needs for institutions.

Ripple Prime offers custody, settlement, and trading services. The LMAX connection adds regulated market access. Institutions can trade across venues using stablecoin collateral. The arrangement also supports risk management tools.

Jack McDonald, Ripple’s senior vice president of stablecoins, commented on the partnership. He said institutional clients continue to adopt blockchain-based infrastructure. He added that the integration will expand RLUSD use within large trading environments.

Stablecoin Use Across FX and Crypto Markets

RLUSD will be used across FX and crypto markets under the agreement. The stablecoin is backed by fiat reserves and short-term assets. Ripple designed RLUSD to meet institutional compliance needs. The company also publishes reserve information to improve transparency.

Stablecoins continue to gain traction in cross-border trading. Institutions use stablecoins for faster settlement and lower transfer costs. LMAX plans to offer RLUSD across its liquidity pools. This approach supports cross-market trading activity.

The partnership reflects a broader trend in financial markets. Trading firms are adopting digital assets within regulated structures. Ripple and LMAX aim to link traditional systems with blockchain-based settlement tools. The rollout is expected to continue through phased platform updates.