DriveWealth and Ripple are partnering to modernize how financial institutions move, settle and manage money across global investment markets. The partnership combines blockchain technology, stablecoins, payments, custody and institutional financial services. The partnership will therefore provide DriveWealth with access to the digital financial infrastructure space. DriveWealth is a global Brokerage-as-a-Service platform that powers modern investing and trading infrastructure. Ripple, meanwhile, provides blockchain solutions for traditional and digital finance. The firms will work together to improve financial operations across DriveWealth’s global investment network.
The partnership is in response to increasing demand for faster funding and more efficient settlement. Global investing has exploded, but legacy payment infrastructure continues to create operational challenges. For instance, U.S. equities settle on a T+1 basis whereas international dollar transfers may take longer. This mismatch can lead to short-term capital shortages and increased funding needs. Delays can also make things difficult for financial institutions and fintech companies. That’s why Ripple and DriveWealth are looking at digital options to allow for faster transactions, better capital management.
“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. It’s another step toward making DriveWealth a true global, unified, always-on access point to the markets our clients want to reach.”
Stablecoin Settlement and Digital Asset Integration
As part of the DriveWealth and Ripple partnership, DriveWealth is integrating Ripple’s stablecoin infrastructure to support settlement in Europe. The companies also plan to expand this capability into the United States.
Integration will be done using RLUSD on XRP Ledger (XRPL). It will also include Ripple’s ability to mint and burn to back stablecoin operations. The developments will enable DriveWealth to expand digital asset infrastructure across its financial services.
Settling with stablecoins may be an alternative to traditional funding sources. Financial institutions can move beyond traditional banking transfers to digital payment rails. The partnership therefore seeks to enhance the flexibility of funding and promote more responsive investment operations.
Cross-Border Payments and Digital Asset Custody
DriveWealth is also integrating Ripple Payments to help global partners receive cross-border payments. This incorporation will help to facilitate the flow of funds into DriveWealth across various markets. The companies are also working together to support DriveWealth’s digital asset custody needs in Europe. They plan to deploy these capabilities in more markets over time.
These initiatives bring payments and custody services closer to DriveWealth’s current brokerage infrastructure. Therefore, financial institutions and fintech partners could enjoy a more connected approach to investment funds and electronic asset management. International clients often time their funding with transfer windows and banking cut-offs. Digital financial infrastructure can help reduce reliance on these traditional schedules. This could help to speed settlement and make capital work better around the world.
Equity Financing and Financial Services for Institutions
DriveWealth and Ripple Prime are also looking at ways to raise equity. Talks also covered Ripple Prime’s Delta One business, which is expanding its institutional capabilities in U.S. equities and equity derivatives. This initiative adds a further dimension to the wider collaboration. The firms are also looking at other areas such as institutional trading and financing, in addition to cross-border payments and stablecoin settlement.
The partnership integrates Ripple’s blockchain technology with DriveWealth’s brokerage platform. So the companies are trying to offer a more cohesive experience that combines conventional financial products and digital assets as well. DriveWealth clients will be able to fund and manage collateral accounts with stablecoins. Such stablecoins can be turned into cash almost instantly, so there is less need to rely on traditional bank wires. This could allow clients to better manage their trading and collateral requirements, and access to their funds.
DriveWealth Targets Always-On Global Market Access
DriveWealth has already enabled 24/5 trading for its clients. However, the company wants funding capabilities that better match the availability of global markets.
Hassan highlighted the importance of connecting funding and custody with clients’ trading requirements. Through this collaboration, DriveWealth aims to extend familiar financial services to stablecoins and digital assets.
Moreover, the company wants clients to manage their capital more efficiently outside traditional banking hours. This approach supports its broader goal of providing unified access to international investment markets.
Treasury Infrastructure and Real-Time Financial Visibility
The company is also migrating its treasury and custody infrastructure to Ripple’s financial rails. Through the move, clients will get a real-time, consolidated view of their money. Clients will be able to see their holdings in dollars, stablecoins or crypto.” And they will also be able to move between these forms of value as they need to.
Such integration could facilitate the financial management of both traditional and online assets. Instead of working with separate systems, clients can make use of a more interconnected financial infrastructure.
“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. “By integrating Ripple’s full product suite into DriveWealth, we’re modernizing how money moves and is supported across trading, custody and settlement.”
McDonald emphasized that the collaboration extends beyond its original cross-border settlement objectives. The companies now intend to address several interconnected financial operations through Ripple’s product portfolio.
Consequently, the partnership could strengthen the connection between payments, trading, custody, and settlement. It also reflects growing interest in applying blockchain technology to established financial services.
Global Brokerage Network Supports Digital Asset Expansion
DriveWealth provides investing infrastructure to more than 100 partners globally. Through its platform, fintech companies, digital wallets and financial institutions can offer customers access to U.S. financial markets.
Meanwhile, Ripple has more than 10 years of experience building blockchain solutions for financial institutions. The company also maintains a global regulatory footprint with more than 85 licenses.
Together, these capabilities provide the foundation for the rollout of additional digital asset services within DriveWealth’s global network. The partnership also combines traditional brokerage technology with blockchain-based financial infrastructure.
The partnership between DriveWealth and Ripple is part of a wider push to modernize how investment funding and financial operations get done. The companies are looking to improve the flow of capital between markets through stablecoin settlement, cross-border payments, custody and institutional financing.
The partnership is intended ultimately to provide for more flexible funding, efficient settlement and continuing access to global investment opportunities. With both firms accelerating their integration plans, their combined infrastructure could allow financial institutions to expand digital asset capabilities alongside traditional investment services.
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News Source: Businesswire.com
