Ripple partners with DriveWealth to expand RLUSD payments globally. Cal Evans 5 hours ago (Last updated: 5 hours ago) 6 minutes read * Ripple and DriveWealth will introduce RLUSD settlement and cross-border payments, starting in Europe. * The partnership also includes digital asset custody and plans for U.S. expansion. Ripple has partnered with DriveWealth to bring RLUSD stablecoin settlement and cross-border payment services to a global brokerage network serving more than 100 partners. The integration will begin in Europe before expanding to the United States, giving international investors a faster way to fund accounts and helping financial firms reduce delays linked to traditional bank transfers. Announced on October 14, the agreement combines RLUSD settlement on the XRP Ledger (XRPL), Ripple Payments, and digital asset custody services. The companies are also exploring equity financing opportunities through Ripple Prime. RLUSD settlement to start in Europe before U.S. Expansion. DriveWealth will use Ripple's dollar-backed RLUSD stablecoin to settle transactions on the XRP Ledger. The integration will include tools for minting and burning RLUSD, allowing approved institutions to manage the stablecoin within their operations. The European rollout will come first, with a U.S. expansion planned for a later stage. The move targets delays that international investors and financial firms face when moving dollars across borders. Traditional bank wires can take longer than the settlement process for U.S. equities, which generally settle one business day after a trade. These delays can leave capital tied up while firms wait for funds to reach investment accounts. RLUSD settlement could help reduce those delays by allowing clients to deposit stablecoins and convert them into cash in near real time. This would give eligible customers another way to fund collateral accounts without relying entirely on international bank transfers. DriveWealth serves fintech companies, digital wallets, and financial institutions that offer access to U.S. markets. Its network of more than 100 global partners gives Ripple an established channel for introducing its stablecoin and payment services to investment platforms. Ripple Payments to support cross-border transfers. The agreement also brings Ripple Payments into DriveWealth's funding infrastructure. The service will support incoming cross-border transfers from DriveWealth's international partners, connecting those payments to the brokerage platform. The integration aims to make account funding more flexible by reducing dependence on banking hours and transfer cutoff times. This is particularly relevant for platforms that offer extended trading hours but still rely on traditional payment systems to move customer funds. DriveWealth CEO Naureen Hassan said the company wants funding services to keep pace with its 24/5 trading offering. She explained that the goal is to let customers put their capital to work rather than leave it unused overnight or over a weekend. The companies also plan to connect treasury and custody functions. This could allow clients to view dollar, stablecoin, and cryptocurrency balances in real time and move between them through connected services. Ripple expands institutional RLUSD infrastructure. The DriveWealth partnership adds another use case for RLUSD beyond stablecoin trading and transfers. Ripple is positioning the asset as a settlement option for institutions that need to move dollar-denominated value across financial platforms. Ripple Mint, the company's institutional stablecoin platform, provides tools for issuing, redeeming, transferring, and monitoring RLUSD. The service includes a web console, software interfaces, and transaction alerts that help institutions track stablecoin operations. These capabilities could support DriveWealth's planned integration by connecting traditional funds with blockchain-based settlement. They also give institutions tools to manage stablecoin balances and monitor transfers through different stages of a transaction. For fintech firms and financial institutions, the ability to integrate stablecoin operations into existing systems could reduce manual processes and simplify repeated payments. However, the benefits will depend on how the services are implemented and adopted across the brokerage network. European custody adds to Ripple's RLUSD expansion. Beyond settlement and payments, Ripple and DriveWealth plan to introduce digital asset custody services in Europe before considering additional markets. The custody component would give DriveWealth another way to support institutional clients handling digital assets. Combined with settlement and payment services, it broadens the partnership beyond transferring funds between investment accounts. Ripple's senior vice president of stablecoins, Jack McDonald, said DriveWealth initially approached the company over cross-border settlement challenges. Discussions later expanded to include other areas where the two firms could work together. The partnership follows other developments involving institutional RLUSD custody. On October 12, Standard Chartered announced RLUSD custody support through its Dubai International Financial Centre branch, allowing eligible institutional clients to hold the stablecoin. Standard Chartered is also working with Ripple and LMAX Group on a proposed arrangement that would allow clients to use RLUSD as trading collateral while keeping the tokens in custody. The implementation remains subject to testing, legal documentation, internal approvals, and regulatory requirements. These developments highlight growing efforts to integrate stablecoins into established financial services. For Ripple, custody and settlement partnerships could help extend RLUSD's role in institutional markets. Ripple Prime explores equity financing with DriveWealth. The agreement also includes discussions about potential equity financing through Ripple Prime's Delta One business. Unlike the settlement and payment integrations, this part of the arrangement remains exploratory. Ripple Prime launched equity derivatives services for institutional customers in August, including total return swaps linked to U.S.-listed equities, indexes, and digital assets. These products allow eligible investors to gain exposure to an asset's performance without owning it directly. The business also offers clearing and financing services for institutional clients. Its potential involvement with DriveWealth could create further opportunities to connect brokerage infrastructure with Ripple's financial services. However, the companies have not announced a finalized equity financing arrangement. Any future offering will depend on the outcome of their discussions. What the DriveWealth Deal Means for RLUSD. The Ripple-DriveWealth partnership brings together stablecoin settlement, cross-border payments, and digital asset custody within an existing global brokerage network. Its initial focus on Europe, followed by a planned U.S. expansion, provides a clear path for introducing RLUSD to additional investment-related services. The agreement also reflects a broader effort to use stablecoins for practical financial operations rather than limiting them to crypto trading. Faster account funding and more flexible settlement could help institutions manage capital more efficiently. Still, the full impact will depend on the rollout, adoption by DriveWealth's partners, and the expansion of services into additional markets. For now, the partnership gives RLUSD another potential route into traditional financial infrastructure while Ripple continues to build its institutional payments and custody business. DISCLAIMER: This article reflects the author's views and is provided for informational purposes only. While Crypto News Focus strive for accuracy, the publisher does not guarantee that all information is complete or current. Readers should verify important information and consult appropriate sources before making decisions based on this content. Cal Evans is a technology lawyer and blockchain governance specialist with extensive experience in Web3 regulation, digital assets, and decentralized infrastructure. He has worked closely with blockchain foundations and startups, advising on compliance, token frameworks, and global regulatory strategy.

DriveWealth and TrueMoney to bring U.S. Stock investing to 30 million digital wallet users. * 1 hr ago DriveWealth, a global Brokerage-as-a-Service platform powering the infrastructure for modern investing and trading, and TrueMoney, Southeast Asia's leading fintech platform under Ascend Money, e-payment services and financial services provider, today announced a strategic partnership that will expand access to U.S. stock investing for more than 30 million TrueMoney users. The investment service is provided via Webull Securities (Thailand), a Thai SEC licensed broker platform which is integrated in the TrueMoney application. Through this partnership, TrueMoney customers will be able to invest in U.S. equities through the TrueMoney app, leveraging DriveWealth's infrastructure to expand access to global markets. Powered by DriveWealth's modern and scalable brokerage infrastructure, which ensures a secure and compliant path to global markets, Thai retail investors will gain access to U.S. equities in an equitable way. The new investing experience is seamlessly accessible through the TrueMoney app, allowing users to effortlessly move between everyday payments and long-term investing. With frictionless account onboarding, users can begin investing with as little as 30 baht, through fractional shares and optional stock rewards on everyday purchases. "In many markets, a single digital wallet becomes the primary gateway to financial services and wealth building opportunities," said Naureen Hassan, CEO of DriveWealth. "Through our partnership with TrueMoney, DriveWealth is helping deliver investing access to a rapidly growing base of new investors. With infrastructure built to handle the volume and scale a partner of TrueMoney's size demands, we're powering a modern investing experience within the same wallet trusted by more than 30 million customers." Recognized as the leading digital wallet and financial super app in Thailand, TrueMoney facilitates everyday payments and financial services at major retailers nationwide. This strategic partnership with DriveWealth will enable TrueMoney and WeBull to offer underbanked and emerging investors a unified platform to seamlessly manage payments, investments, and to build long-term financial wealth. "TrueMoney was built to serve underbanked communities, and we've always focused on providing simple, accessible financial services to support an individual's financial journey," said Monsinee Nakapanant, Co-president of Ascend Money, the operator of TrueMoney, "Partnering with DriveWealth and WeBull has allowed us to expand this goal and support our users' long-term financial growth. DriveWealth's technology and infrastructure are instrumental in helping us provide a seamless user experience on our platform." Founded in 2012, DriveWealth empowers leading global digital wallets, financial institutions, fintechs, and digital innovators with modern brokerage infrastructure. This infrastructure enables secure, scalable, and compliant access to U.S. equities, fixed income, and other asset classes. This partnership with TrueMoney marks a significant expansion of DriveWealth's presence in Thailand, bringing investment opportunities to more users across the country. About DriveWealth DriveWealth operates the global infrastructure that powers investing and trading for banks, fintechs, digital wallets, broker-dealers, asset managers, and consumer brands. Its APIs give clients production-grade brokerage capability, including custody, clearing, settlement, and regulatory reporting, without the years and significant capital outlay it takes to build that capability in-house, supporting everything from traditional investment workflows to more inventive approaches like rounding up purchases into fractional share ownership. DriveWealth, LLC is a registered broker-dealer, member FINRA and SIPC. Its affiliate UAB DriveWealth Europe is MiFID II licensed to trade securities and provide custody services across the European Economic Area (EEA). Visit legal.drivewealth.com for full disclosures. For more information, visit www.drivewealth.com. About TrueMoney TrueMoney is a leading fintech company providing financial services for users in Thailand and across Southeast Asia. Established in 2013, TrueMoney has become a part of Ascend Group in 2014 and also a partner of Ant Group since 2016. Today, the company provides various financial services through TrueMoney, the most popular payment and financial application that enables convenience and ease of everyday life. Its extensive partner network across Southeast Asia also enables millions of users in the region to access innovative financial services, leading them to better lives. For further information, please visit www.truemoney.com Media gallery

Ripple partners with DriveWealth for RLUSD settlement and global payments. Ripple has partnered with DriveWealth to introduce RLUSD settlement and cross-border payments across a brokerage network serving more than 100 global partners, with European settlement integration preceding a planned U.S. expansion. Ripple announced the agreement on Oct. 14, describing a... Unfortunately, this resource does not provide the full text of the news :(