drivewealth

Brokerages can already offer 24/5 trading, but money is still tied to bank opening hours—DriveWealth is directly targeting that gap with $RLUSD .
On October 14, brokerage infrastructure provider DriveWealth announced a partnership with Ripple to use $RLUSD on the XRP Ledger for stablecoin settlement, cross-border payments, custody, and prime-related services. The partnership will start with settlement in Europe, with plans to expand to the U.S. Clients will be able to use stablecoins to fund and manage collateral accounts in near real time, then convert the funds to cash. The companies are also exploring equity financing arrangements through Ripple Prime.
DriveWealth CEO Naureen Hassan put it plainly: trading hours have expanded, and funding needs to keep pace—capital shouldn’t sit idle overnight or on weekends. Jack McDonald, SVP of Ripple’s stablecoin business, said the other party initially came for cross-border settlement, but the relationship grew into integrating a full suite of products. Both plan to share more details at Ripple Swell on October 28.