DriveWealth Taps Ripple for Stablecoin Integration and Global Expansion
DriveWealth, a provider of global brokerage infrastructure, has announced a strategic partnership with Ripple to integrate stablecoin settlement, cross-border payments, and digital asset custody into its existing framework. The initial phase of this collaboration will focus on settlement capabilities within Europe, with subsequent expansion planned for the United States market.
The integration will leverage Ripple’s robust stablecoin infrastructure, including its native stablecoin, RLUSD, which operates on the XRP Ledger (XRPL). This will be complemented by Ripple’s established mint and burn functionalities. The overarching goal is to enable DriveWealth’s clients to efficiently fund and manage collateral accounts using stablecoins, with the ability to convert these assets into cash in near real-time.
The partnership encompasses four key areas: stablecoin settlement, cross-border payments, digital asset custody, and equity financing.
DriveWealth is implementing Ripple Payments to streamline cross-border transfers from its international partners. Concurrently, the company is working with Ripple to establish digital asset custody services in Europe, with ambitions to extend these offerings to additional markets.
In a separate initiative, DriveWealth and Ripple Prime are exploring equity financing opportunities. This exploration will utilize Ripple Prime’s Delta One business, which specializes in providing institutional services for U.S. equities and equity derivatives.
The companies also intend to connect DriveWealth’s treasury and custody infrastructure with Ripple’s systems. This integration aims to provide clients with a more unified platform for managing dollars, stablecoins, and cryptocurrencies.
The current settlement cycle for U.S. equities is T+1, meaning trades settle one business day after execution. Cross-border money transfers can often take significantly longer. This disparity can lead to increased funding requirements and tie up capital when financial institutions most need it.
The new integration is designed to assist international clients in moving funds without being solely reliant on traditional banking transfer windows and cutoff times. DriveWealth already facilitates 24/5 trading and anticipates that the enhanced funding capabilities will better synchronize money transfers with its trading services.
“Our partnership with Ripple empowers us to extend the same funding and custody experience our clients already rely on to stablecoins and digital assets,” stated Naureen Hassan, CEO of DriveWealth.
Jack McDonald, Ripple’s Senior Vice President of Stablecoins, commented that the partnership’s scope extends beyond cross-border settlement to encompass trading, custody, and settlement infrastructure.
DriveWealth serves as a brokerage infrastructure provider to over 100 global partners, including fintech companies, digital wallets, and financial institutions seeking access to U.S. markets.
In related news, Ripple has also entered into a partnership with South Korea’s Meritz Securities to explore digital asset custody and tokenization opportunities within the Korean capital markets. This agreement marks Ripple’s inaugural collaboration with a South Korean securities firm and its fourth institutional partnership in the country for 2026, following previous agreements with Kyobo Life Insurance, Kbank, and Jeonbuk Bank.
Separately, Evernorth has selected Ripple, Kraken, Coinbase, and BitGo as partners for its XRP treasury strategy, which involves approximately $648 million in XRP holdings. These developments underscore Ripple’s growing institutional footprint across digital asset custody, tokenization, payments, and XRP-based financial services.
Ripple and DriveWealth are scheduled to discuss their partnership during a fireside chat at the Ripple Swell event, taking place on October 28 in New York City.
