Deployments · platform by LMAX Group

LMAX Group RLUSD collateral and settlement integration

Under a multi-year partnership announced in January 2026, LMAX Group plans to accept Ripple's RLUSD stablecoin as collateral and as a settlement currency across its institutional venues: margin for perpetual futures and CFDs, settlement for spot crypto and fiat crosses, custody in segregated wallets at LMAX Custody and on-ramps via LMAX Kiosk. Ripple agreed to provide $150 million of financing to LMAX as part of the deal. In October 2026 LMAX, Ripple and Standard Chartered said they intend to let clients keep RLUSD in Standard Chartered custody on the XRP Ledger while LMAX mirrors its value as collateral. LMAX Digital has listed RLUSD trading pairs since March 2025.

Announced since 15 Jan 2026^[1]i — No source yet confirms clients posting RLUSD as collateral; the October 2026 mirroring step is subject to documentation, testing and approvals. · Reviewed 26d ago i

Assets

Stablecoin^[1]

Ripple USD (RLUSD)

Networks

XRP Ledger Public, permissionless^[2]

Named for the Standard Chartered custody and mirroring step; the January 2026 release names no ledger.

Use cases i

Collateral mobility^[1]Delivery versus payment (DvP)^[1]

Jurisdictions

United Kingdom

Participants

• LMAX GroupOperator, Platform provider^[1]United Kingdom
• RippleIssuer^[1]United States
• Standard CharteredCustodian^[2]United Kingdom

Assets

• Takes as collateralRipple USD (RLUSD)^[1]
• Settles inRipple USD (RLUSD)^[1]

Timeline

1. Happened 12 Oct 2026 · Announcement · recorded 13 Oct 2026
   LMAX, Ripple and Standard Chartered plan to accept RLUSD held at Standard Chartered as mirrored collateral at LMAX.^[2]
2. Happened 15 Jan 2026 · Announcement · recorded 13 Oct 2026
   LMAX Group and Ripple agree a multi-year partnership to make RLUSD a core collateral and settlement asset, with $150 million of Ripple financing.^[1]
3. Happened 19 Mar 2025 · Announcement · recorded 13 Oct 2026
   LMAX Digital lists RLUSD trading pairs.^[3]

Sources i