Ripple and DriveWealth will use RLUSD on the XRP Ledger to support settlement in Europe, with plans to expand the service into the United States. DriveWealth clients will be able to fund coll
Ripple and DriveWealth are partnering to integrate stablecoin settlement, cross-border payments, digital asset custody, and equity financing into global investing infrastructure. The companies aim to reduce delays between U.S. equity settlement and international fund transfers through RLUSD on the XRP Ledger and Ripple’s financial services. DriveWealth CEO Naureen Hassan and Ripple executive Jack McDonald outlined the partnership’s goals.
https://twitter.com/Ripple/status/2110357166787842516?s=20DriveWealth will integrate Ripple’s stablecoin infrastructure to support settlement in Europe, with plans to expand into the United States. The service will use RLUSD on the XRP Ledger, alongside Ripple’s minting and burning capabilities.
Additionally, DriveWealth will integrate Ripple Payments to support cross-border fund acceptance from global partners. The companies are also working together on digital asset custody in Europe, with further market expansion planned.
The partnership addresses a timing gap between U.S. equities settling on a T+1 basis and international dollar transfers taking longer. These delays can increase funding needs and leave capital unavailable when clients need it.
The integration will allow DriveWealth clients to fund and manage collateral accounts using stablecoins that convert to cash in near real time. This approach could reduce reliance on bank wires and their transfer windows.
DriveWealth is also moving its treasury and custody infrastructure onto Ripple’s systems. The companies aim to provide clients with a real-time view of funds held in dollars, stablecoins, or cryptocurrencies.
Naureen Hassan said DriveWealth had already enabled 24/5 trading but wanted funding services to match market access. She said the partnership would extend existing funding and custody services to stablecoins and digital assets.
Beyond payments and custody, DriveWealth and Ripple Prime are exploring equity financing opportunities through Ripple Prime’s Delta One business. The initiative would expand institutional services across U.S. equities and equity derivatives.
Jack McDonald, Ripple’s senior vice president of stablecoins, said discussions began around cross-border settlement before expanding into other areas. DriveWealth supports investing services for more than 100 partners worldwide, including fintechs, digital wallets, and financial institutions.
Ripple has more than 85 regulatory licenses globally. The companies will discuss the partnership at Ripple Swell on Wednesday, October 28, in New York City.
