Ripple and DriveWealth Partner on RLUSD Stablecoin Settlement

Brokerage technology provider DriveWealth is integrating Ripple’s RLUSD stablecoin to facilitate cross-border payments and collateral settlement across its global network. The partnership, announced October 14, aims to bypass traditional banking delays by enabling near real-time conversion of stablecoin deposits into cash for clients across more than 100 international markets.

Today, 20:03· WildWeb24· 807 reads

Ripple and DriveWealth Partner on RLUSD Stablecoin Settlement

The integration begins in Europe before moving to a planned U.S. expansion. By utilizing the XRP Ledger, DriveWealth intends to eliminate the friction inherent in standard T+1 equity settlement cycles. According to DriveWealth CEO Naureen Hassan, the current system forces capital to sit idle over weekends or bank holidays; the new infrastructure allows account funding to operate on a continuous schedule, supporting the firm's existing 24/5 trading capabilities.

Beyond settlement, the agreement encompasses digital asset custody services in Europe and potential equity financing via Ripple Prime. This follows a broader institutional push for RLUSD, including recent custody launches by Standard Chartered in Dubai. Ripple is providing DriveWealth with mint-and-burn functionality and transaction monitoring tools, aiming to automate stablecoin operations for institutional partners who require seamless movement between fiat and blockchain-based assets.

Ripple and DriveWealth Partner on RLUSD Stablecoin Settlement

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