By Staff Writer
LMAX Group has announced a strategic, multi-year partnership with Ripple aimed at accelerating institutional adoption of stablecoins and improving cross-asset market connectivity.
As part of the collaboration, LMAX will integrate Ripple USD (RLUSD) as a core collateral asset across its institutional trading infrastructure. The integration will allow LMAX’s global client base (including banks, brokers, and buy-side institutions) to use RLUSD for cross-collateralisation and margin funding across spot crypto, perpetual futures, and CFD products.
LMAX said RLUSD will be supported both as a collateral asset and settlement currency for select trading products. Institutional clients will be able to use the stablecoin to improve margin efficiency, fund derivatives positions, and move capital more seamlessly across asset classes.
RLUSD holdings will be supported through LMAX Custody, using segregated wallets designed to allow fungibility between traditional financial markets and digital assets. The integration also enables 24/7 cross-asset market access, addressing limitations associated with fiat-based settlement.
As part of the agreement, Ripple will provide $150 million in financing to support LMAX Group’s long-term cross-asset growth strategy. The partnership also includes the integration of LMAX Digital with Ripple Prime, Ripple’s multi-asset prime brokerage offering.
According to the companies, the combination of LMAX’s regulated exchange infrastructure and Ripple Prime’s brokerage and credit capabilities is intended to reduce market fragmentation and counterparty risk for institutional digital asset trading.
Ripple Prime clients will now be able to access LMAX Digital as a primary price discovery venue, with deep institutional liquidity and secure custody options.
LMAX Group said the partnership reflects growing institutional demand for fiat-backed stablecoins as regulatory clarity improves globally. Ripple noted that RLUSD is already among the largest USD-backed stablecoins, and the integration is expected to support broader institutional usage within regulated trading environments.
The announcement follows a strong year for LMAX Group, which reported $8.2 trillion in institutional exchange volumes in 2025, underscoring continued growth in demand for institutional-grade digital and cross-asset trading infrastructure.
