Ripple unveiled partnerships with Mastercard, JPMorgan, OKX, and Ondo Finance to strengthen institutional finance. The company said RLUSD's next phase focuses on expanding real-world utility
Ripple disclosed new partnerships with Mastercard, JPMorgan, OKX, and Ondo Finance as it expands its institutional financial infrastructure. According to Grayscale, Ripple discussed the collaborations alongside its strategy for XRP Ledger, RLUSD, and XRP, while legal officer Bill Morgan responded to separate claims regarding XRP Ledger activity.
According to Grayscale, Ripple said its latest partnerships focus on serving institutional clients and supporting digital and traditional financial markets. The company stated that its core objective remains building infrastructure that moves value across financial systems.
Ripple said trades are settling on the XRP Ledger through its collaboration with Mastercard, JPMorgan, and Ondo Finance. The announcement followed a conference discussion where Ripple outlined its institutional strategy.
Meanwhile, Ripple also highlighted a recent agreement with OKX. According to the company, the partnership supports RLUSD for spot trading, derivatives trading, collateral use, and additional trading services.
Ripple said RLUSD launched nearly one and a half years ago and has reached a market capitalization of about $1.6 billion. However, the company emphasized long-term utility rather than market capitalization.
According to Ripple, RLUSD is now available across the exchanges it targeted. The company added that market makers and custodians continue expanding support for the stablecoin.
With infrastructure largely in place, Ripple said its next priority centers on increasing practical use cases for RLUSD. The company did not announce additional utility initiatives during the discussion.
Separately, legal officer Bill Morgan commented on claims regarding XRP Ledger development. Responding to social media criticism, Morgan wrote that "Scam Detective knows more than Grayscale about these matters" before adding that the critic had assured everyone "nothing is happening for the XRPL."
Grayscale shared the interview while introducing Ripple's institutional strategy and discussing adoption of RLUSD and XRP. The asset manager also said the conversation explored Ripple's plans for future institutional growth through its latest partnerships.
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