DriveWealth and Ripple Partner to Bring Institutional Digital Asset Infrastructure to Global Investing
For best results when printing this announcement, please click on link below: DriveWealth and Ripple Partner to Bring Institutional Digital Asset Infrastructure to Global Investing Partnership brings together stablecoins, payments, liquidity, custody, and prime brokerage across DriveWealth’s global financial infrastructure DriveWealth ( ), a global Brokerage-as-a-Service platform powering the infrastructure for modern investing and trading, announced a partnership with Ripple ( ), the leading provider of blockchain solutions across traditional and digital finance, to modernize how money moves, settles, and is managed across DriveWealth's global investing infrastructure and accelerate DriveWealth’s move to digital financial rails. Global access to financial markets has transformed dramatically, but the infrastructure moving money behind those transactions has not kept pace. U.S. equities now settle on a T+1 basis, while moving dollars across borders can take longer, creating a mismatch that can trap capital, increase funding requirements, and make it harder for financial institutions and fintechs to scale efficiently. Ripple and DriveWealth are working across several areas to expand
For best results when printing this announcement, please click on link below: DriveWealth and Ripple Partner to Bring Institutional Digital Asset Infrastructure to Global Investing Partnership brings together stablecoins, payments, liquidity, custody, and prime brokerage across DriveWealth’s global financial infrastructure DriveWealth ( ), a global Brokerage-as-a-Service platform powering the infrastructure for modern investing and trading, announced a partnership with Ripple ( ), the leading provider of blockchain solutions across traditional and digital finance, to modernize how money moves, settles, and is managed across DriveWealth's global investing infrastructure and accelerate DriveWealth’s move to digital financial rails.
Global access to financial markets has transformed dramatically, but the infrastructure moving money behind those transactions has not kept pace. S. equities now settle on a T+1 basis, while moving dollars across borders can take longer, creating a mismatch that can trap capital, increase funding requirements, and make it harder for financial institutions and fintechs to scale efficiently. S.
The integration will leverage RLUSD on the XRP Ledger (XRPL), alongside Ripple mint and burn capabilities. Payments: DriveWealth is integrating Ripple Payments to support cross-border acceptance from its global partners, helping streamline how funds move into DriveWealth across markets. Custody: DriveWealth is working with Ripple to support its digital asset custody needs in Europe, with plans to expand to additional markets over time. S.
equities and equity derivatives. The collaboration brings Ripple’s suite of blockchain solutions into DriveWealth’s brokerage infrastructure, creating a more unified experience across traditional and digital assets. DriveWealth clients can instantly fund and manage their collateral accounts using stablecoins that convert to cash in near real time instead of waiting on a bank wire. For international clients that currently plan around cross-border transfer windows and cutoff times, it means capital can move when it’s needed — supporting faster settlement, more efficient use of capital and always-on access to global markets.
"We've already enabled 24/5 trading; now we need the funding to match, so clients can move with the markets instead of waiting for them," said Naureen Hassan, Chief Executive Officer of DriveWealth. "Our partnership with Ripple empowers us to extend the same funding, and custody experience our clients already rely on to stablecoins and digital assets, so their capital keeps working around the clock instead of sitting idle overnight or over a weekend.
" DriveWealth is also bringing its treasury and custody infrastructure onto Ripple's rails, giving clients one real-time view of their money — in dollars, stablecoins, or crypto — and the ability to move between them as needed. “DriveWealth came to Ripple with a specific challenge around cross-border settlement, but it quickly became clear there was an opportunity to do much more together,” said Jack McDonald, SVP of Stablecoins at Ripple. S. markets.
Together with Ripple’s more than a decade of experience building blockchain solutions for financial institutions and global regulatory footprint spanning more than 85 licenses, the partnership will create a foundation to introduce new digital asset capabilities across DriveWealth’s global network. The companies will discuss the partnership in a fireside chat at Ripple Swell on Wednesday, October 28, in New York City. 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). com for full disclosures.
For more information, visit About Ripple: Founded in 2012, Ripple is the leading provider of blockchain solutions rewiring the global financial system. With over 85 licenses, Ripple provides a single trusted entry point for enterprises with payments, custody, prime brokerage and treasury management solutions. Ripple’s stablecoin, RLUSD, and the digital asset XRP underpin these capabilities, enabling Ripple and its customers to bridge the worlds of traditional and digital finance. com)