Ripple Partners With DriveWealth to Bring RLUSD Settlement and Crypto Custody to Brokerage Markets
Ripple is expanding its presence in traditional financial markets through a partnership with brokerage infrastructure provider DriveWealth, targeting stablecoin settlement, cross-border payments, digital asset custody and equity financing. The integration will initially support settlement in Europe, with plans to expand into the United States.
The collaboration will connect DriveWealth's global brokerage infrastructure with Ripple's payment and digital asset systems, including its RLUSD stablecoin and the XRP Ledger (XRPL). The companies aim to help clients fund and manage collateral accounts using stablecoins that can be converted into cash in near real time.
The agreement reflects Ripple's efforts to extend its institutional services beyond cryptocurrency payments into brokerage operations and financial infrastructure used by companies providing access to traditional markets.
Ripple and DriveWealth Target Stablecoin Settlement
The partnership covers four principal areas: stablecoin settlement, cross-border payments, digital asset custody and equity financing.
DriveWealth plans to integrate Ripple Payments to facilitate international transfers for its global partners. The companies are also working on digital asset custody services in Europe, with plans to extend the offering to additional markets.
RLUSD, Ripple's stablecoin, will be part of the integration alongside the XRP Ledger. Ripple's mint and burn capabilities will also support the arrangement, enabling the infrastructure needed to issue and remove stablecoins from circulation as required.
The companies additionally plan to connect DriveWealth's treasury and custody infrastructure with Ripple's systems. The objective is to provide clients with a more unified way to manage US dollars, stablecoins and cryptocurrencies within their financial operations.
Partnership Aims to Improve Brokerage Funding
The integration is designed to address differences between securities settlement schedules and the time required to move money across borders. US equities settle on a T+1 basis, meaning settlement generally occurs one business day after a trade, while international transfers can take longer.
These timing differences can increase funding requirements for financial institutions and leave capital temporarily unavailable. By introducing stablecoin-based settlement and Ripple Payments, the companies aim to reduce dependence on traditional banking transfer windows and cutoff times.
DriveWealth already supports trading five days a week, 24 hours a day. The new funding capabilities are intended to align money transfers more closely with those extended trading services.
Jack McDonald, Ripple's senior vice president of stablecoins, said the partnership would extend beyond cross-border settlement to include trading, custody and settlement infrastructure.
Ripple Prime Explores Equity Financing Opportunities
Beyond payments and custody, DriveWealth and Ripple Prime are exploring potential equity financing opportunities through Ripple Prime's Delta One business. The unit provides institutional services covering US equities and equity derivatives.
The proposed collaboration could connect Ripple's institutional financial services with DriveWealth's brokerage infrastructure. However, the source material describes these equity financing opportunities as an area the companies are exploring rather than a completed service launch.
DriveWealth provides brokerage infrastructure to more than 100 partners worldwide, including fintech companies, digital wallets and financial institutions that offer customers access to US markets.
Ripple Expands Institutional Partnerships in Asia
The DriveWealth agreement comes as Ripple develops additional relationships with financial institutions in other markets. In South Korea, Ripple has partnered with Meritz Securities to explore digital asset custody and tokenization for Korean capital markets.
The agreement is Ripple's first partnership with a South Korean securities firm and its fourth institutional partnership in the country in 2026, following collaborations with Kyobo Life Insurance, Kbank and Jeonbuk Bank.
Separately, Evernorth has selected Ripple, Kraken, Coinbase and BitGo as partners for its XRP treasury strategy, which involves approximately $648 million in XRP holdings.
Together, these developments illustrate Ripple's expanding institutional activities across payments, digital asset custody, tokenization and XRP-related financial services. The DriveWealth partnership adds brokerage infrastructure to that broader range of initiatives.
Ripple and DriveWealth to Discuss Partnership at Swell
Ripple and DriveWealth are scheduled to discuss their collaboration during a fireside chat at Ripple Swell on October 28 in New York City.
The partnership's initial focus on Europe, alongside plans for US expansion, places stablecoin settlement and cross-border funding at the center of the companies' effort to connect digital asset infrastructure with traditional brokerage services.
data source:coinpedia.org
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Check out other news and articles on Google News
Disclaimer:
The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.