DriveWealth Partners Ripple for RLUSD Settlement in Europe

Integration with Ripple's RLUSD Stablecoin Settlement Infrastructure

In XRP news today, DriveWealth is integrating Ripple's RLUSD stablecoin settlement infrastructure on the XRP Ledger into its brokerage platform, starting with planned European settlement and a later expansion to the United States.

Benefits of the Partnership

The companies announced the partnership yesterday.

DriveWealth provides brokerage infrastructure for fintechs, digital wallets and financial institutions offering access to U.S. markets. It powers investing experiences for more than 100 partners globally, giving the collaboration a potential distribution channel beyond a single brokerage operation.

Key Features of the Partnership

DriveWealth and @Ripple are partnering to bring $RLUSD settlement, cross-border payments, and digital asset custody to clients around the world, starting in Europe.

The settlement integration will use RLUSD on the XRP Ledger, alongside Ripple's mint-and-burn capabilities.

Expansion Plans

The stated sequence is European settlement followed by a planned U.S. expansion, while custody begins in Europe and may reach additional markets later.

Ripple says its regulatory footprint spans more than 85 licenses.

Quotes from the Partnership

Jack McDonald, Ripple's SVP of Stablecoins, said: “DriveWealth came to Ripple with a specific challenge around cross-border settlement, but it quickly became clear there was an opportunity to do much more together.”

Naureen Hassan, DriveWealth CEO, said: “We’ve already enabled 24/5 trading; now we need the funding to match, so clients can move with the markets instead of waiting for them.”