Skip to content
$BTC$80,496−2.6%$ETH$2,351−5.1%$SOL$101.88−3.4%$XRP$1.30−4.4%$TON$1.34−1.3%MCap$2.67T−3.0%BTC.D60.3%Fear&Greed53 NeutralGas0.32 gwei·1 sat/vBNews mood30% bullish
Basis Desk

New: Basis Desk Verify for Chrome — fact-check crypto news on any page, free.Add to Chrome →

Institutions & ETFs · 1 min read

DriveWealth Partners With Ripple to Integrate Stablecoins and Custody

The brokerage-as-a-service firm will use RLUSD on the XRP Ledger for European settlement before expanding into the United States.

Editorial oversight: Julian Mercer, Chief Editor
Bullish
$XRP $1.30 −4.4%

At a glance Announced

What happened
DriveWealth partnered with Ripple on October 14, 2026, to integrate RLUSD settlement, cross-border payments, and digital asset custody.
Why it matters
The deal gives DriveWealth's global brokerage clients continuous collateral funding via stablecoins to resolve T+1 settlement friction.
Who is affected
DriveWealth, Ripple, and DriveWealth's network of more than 100 fintech and institutional partners.
What's next
The companies will discuss implementation details at the Ripple Swell conference on October 28, 2026, in New York City.
Primary source
ripple.com: DriveWealth and Ripple Partner to Bring Institutional Digital Asset Infrastructure to Global Investing

Key points

  • DriveWealth partnered with Ripple on October 14, 2026, to deploy blockchain-based settlement, custody, and payment services.
  • The deployment incorporates RLUSD on the XRP Ledger for European settlements, with future expansion targeted for the US.
  • DriveWealth and Ripple Prime are exploring institutional equity financing via Ripple Prime's Delta One desk.

DriveWealth announced a partnership with Ripple on October 14, 2026, aimed at modernizing money movement, settlement, and asset management across its global brokerage platform 1. The integration brings blockchain-based rails into DriveWealth’s infrastructure, addressing funding bottlenecks that arise from cross-border payment delays and the U.S. equities market's T+1 settlement schedule 1.

Under the agreement, DriveWealth will incorporate Ripple's stablecoin infrastructure for settlement in Europe, leveraging $RLUSD on the XRP Ledger along with Ripple's mint and burn services, with future plans to expand into the US market 1. The platform is also integrating Ripple Payments to process cross-border deposits from global partners and deploying Ripple to handle digital asset custody in Europe 1. Additionally, DriveWealth and Ripple Prime are exploring institutional equity financing initiatives through Ripple Prime’s Delta One desk 1.

Around-the-Clock Funding Rails

The technological shift enables DriveWealth's institutional and retail-facing partners to fund collateral accounts through stablecoins with near-real-time conversion into fiat, bypassing standard bank wire transfer windows 1. DriveWealth chief executive Naureen Hassan stated that the firm aims to match its 24/5 trading capabilities with continuous funding channels so client capital avoids sitting idle over weekends or overnight 1. DriveWealth currently supplies brokerage infrastructure to more than 100 fintech and institutional partners offering access to US securities markets 1.

The initiative reflects a broader push by financial intermediaries seeking digital asset capabilities alongside traditional securities, mirroring moves such as Jeeves securing equity funding to expand stablecoin enterprise banking rails. Both entities plan to present further operational details regarding the integration during a joint fireside chat scheduled for October 28, 2026, at Ripple Swell in New York City 1.

Sources

  1. [1] DriveWealth and Ripple Partner to Bring Institutional Digital Asset Infrastructure to Global Investing — ripple.com, October 15, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

Community read
How do you read this story for the assets involved? One vote a day, anonymous.
Be the first to vote
Share X Telegram Bluesky Markdown

The Daily Brief, in your inbox at 07:00 ET

Five stories, the numbers that moved, what to watch. Three minutes. No hype, no advice, unsubscribe in one click.

Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.