Ripple Pours $150 Million into LMAX Group to Finance Long-Term Cross-Asset Growth
Posted by Colin Lambert. Last updated: January 15, 2026
LMAX Group has secured $150 million in financing from financial technology company Ripple to grow its long-term cross-asset growth strategy and accelerate institutional stablecoin adoption.
The two companies have also signed a strategic partnership “to accelerate the fusion of traditional and digital capital markets,” which will see LMAX integrate Ripple’s RLUSD as a core collateral asset across its institutional trading infrastructure to allow clients of the exchange to leverage RLUSD for more efficient collateralisation and margining.
The multiyear collaboration will allow LMAX’s global customer base to use RLUSD for enhanced cross-collateralisation and margin efficiencies across spot crypto, perpetual futures and CFD trading.
The companies say in a statement that the deal shows their shared vision for building a more efficient, on-chain financial ecosystem that allows for frictionless settlement and value movement. Ripple will also integrate its prime brokerage division with LMAX. Ripple bought Hidden Road for $1.25 billion last year, rebranding the firm to Ripple Prime.
Key benefits for LMAX clients are promised to be enhanced liquidity and more margin efficiency thanks to RLUSD’s role as collateral and settlement currency for spot crypto trading and fiat crosses and as a funding vehicle for perpetual futures and CFD trading. RLUSD will be custodied by LMAX Custody, which will allow for fungibility and transferability across traditional and digital assets. LMAX will also handle the on- and off-ramping and the use of the stablecoin will facilitate 24/7 cross-asset market access.
“Partnering with a leader like Ripple is a milestone for LMAX, reflecting confidence and momentum in our cross-asset growth strategy,” says David Mercer, CEO of LMAX Group. “With the benefit of greater US and global regulatory clarity, fiat-backed stablecoins will be a key catalyst in driving the convergence of TradFi and digital assets and we firmly believe that RLUSD is positioned at the forefront.”
