Ripple's $150M LMAX Deal to Send XRP Back to $3 Price Level? () program details. Reviews, Scam or Paying
LMAX Group and Ripple Labs (XRP) today announced a strategic partnership to accelerate the fusion of traditional and digital capital markets. Ripple plans to invest $150 million in LMAX Group to integrate its RLUSD stablecoin into the latter’s institutional trading platform. “Partnering with a leader like Ripple is a milestone for LMAX, reflecting confidence and momentum in our cross-asset growth strategy. With the benefit of greater US and global regulatory clarity, fiat-backed stablecoins will be a key catalyst in driving the convergence of TradFi and digital assets, and we firmly believe that RLUSD is positioned at the forefront, said David Mercer, Chief Executive Officer of LMAX Group. “We are thrilled to partner with the forward-looking leadership team at Ripple as together we develop a modern financial ecosystem and the complete cross-asset marketplace for institutions globally.” “Institutions are increasingly recognising the transformative potential of blockchain technology...