DriveWealth Joins Ripple Network, Adopting RLUSD Settlement on the XRP Ledger
DriveWealth has announced a partnership with Ripple to use RLUSD for settlement on the XRP Ledger, covering cross-border payments, custody, and prime brokerage services. The move signals continued institutional adoption of the XRP Ledger for modernizing global financial infrastructure. Ripple has publicly clarified that the partnership is directly tied to the XRP Ledger, addressing questions about whether its institutional deals involve the underlying network.
DriveWealth, a financial infrastructure provider, has announced a partnership with Ripple that will see it use RLUSD for settlement on the XRP Ledger. The arrangement covers cross-border payments, custody, and prime brokerage services, with the stated goal of modernizing how money moves across global markets.
Ripple took the step of explicitly clarifying that the partnership is rooted in the XRP Ledger itself, a notable communication choice that appears aimed at addressing ongoing market questions about whether its institutional arrangements actually involve the underlying network and token ecosystem.
The announcement adds to a growing list of U.S.-based institutions now partnering directly with Ripple and engaging with the XRP Ledger. The regulatory environment in the United States has shifted in ways that appear to have made such partnerships more viable for domestic firms.
Key use cases highlighted include:
- Cross-border payment settlement via RLUSD
- Custody services built on the XRP Ledger
- Prime brokerage infrastructure for institutional clients
The partnership reflects a broader pattern of Ripple targeting institutional financial services firms as entry points for XRP Ledger adoption, with RLUSD serving as a settlement layer within those arrangements.
Key facts
- •DriveWealth announced a partnership with Ripple
- •RLUSD will be used for settlement on the XRP Ledger
- •Use cases include cross-border payments, custody, and prime brokerage
- •Ripple explicitly confirmed the partnership involves the XRP Ledger
- •DriveWealth is a U.S.-based financial infrastructure institution