Ripple and DriveWealth Partner to Modernize Money Movement and Settlement
What happened
Ripple formed a partnership with DriveWealth, a brokerage-as-a-service platform, to modernize money movement and settlement across DriveWealth’s global network. The collaboration integrates Ripple’s stablecoin infrastructure, using Ripple USD on the XRP Ledger, to address the timing gap between trading and funding. This system allows clients to fund and manage collateral accounts with stablecoins that convert to cash in near real time, reducing dependence on traditional bank wires. The integration begins in Europe with plans to expand to the United States.
From crowdfundinsider.com
Why it matters
The partnership aims to align funding capabilities with the 24/5 trading schedule supported by DriveWealth. By enabling near real-time conversion of stablecoins to cash, the arrangement seeks to prevent capital from remaining idle while waiting for slower cross-border dollar transfers. This move expands Ripple’s role in institutional finance by providing faster, blockchain-based settlement solutions.
From crowdfundinsider.com
Who's involved
- RippleCreator of the payment protocol and exchange network involved in the partnership.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Standard CharteredSpeculative
Might increase demand for custody services as the Ripple USD network expands.
- RevolutSpeculative
May benefit from improved settlement speed and funding efficiency through DriveWealth's core service.
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The entities involved
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Ripple
creator and a developer of the Ripple payment protocol and exchange network.