RLUSD Moves Into Brokerage: DriveWealth Partners With Ripple
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DriveWealth is integrating RLUSD on the XRP Ledger for European settlement, with U.S. expansion planned and broader Ripple services.
By Matt BrienenStablecoins Meet Brokerage Funding
DriveWealth and Ripple announced a partnership on October 14 to bring stablecoin settlement, payments and digital asset custody into DriveWealth's brokerage infrastructure. The settlement integration will use RLUSD on the XRP Ledger, starting in Europe with U.S. expansion planned.
The companies describe a funding model in which clients can use stablecoins for collateral accounts and convert them to cash in near real time. The aim is to reduce reliance on bank wires and their operating windows, helping capital move when markets need it.
Fixing the Funding Gap
DriveWealth already supports 24/5 trading, according to CEO Naureen Hassan. But trading access and funding availability are different problems. U.S. equities settle on T+1, while cross-border dollar transfers can take longer, forcing firms to plan around transfer delays and funding requirements.
That is the practical opportunity for stablecoins: making money available sooner without requiring the underlying stock market to change its settlement cycle. Faster funding could give brokerage partners more flexibility and reduce the time capital sits between accounts.
A Broader Role for Ripple
The Block reports that the partnership also covers cross-border payments and custody, while the companies are exploring equity financing through Ripple Prime. DriveWealth is bringing treasury and custody infrastructure onto Ripple's systems as part of the wider collaboration.
For the XRP Ledger ecosystem, this is a constructive adoption development tied to a specific financial use case. The settlement asset named is RLUSD, however, so the announcement should not be read as a commitment to buy XRP or a guarantee of price appreciation.
The distinction to watch is implementation: European integration is underway, U.S. expansion is planned, and equity financing remains exploratory. Broader availability and actual transaction activity will show how much of the partnership's potential becomes routine use.