Ripple announced partnerships with DriveWealth and Meritz Securities to bring its stablecoin, payments and custody services into brokerage and securities markets. Neither deal discloses financial terms or a full deployment timetable.
Ripple announced two partnerships on Oct. 14 that push its infrastructure into brokerage operations and South Korea's securities industry. DriveWealth will use Ripple's stablecoin, payments and custody tools, while Meritz Securities will explore securities tokenization with the company.
DriveWealth plans to bring RLUSD into settlement
DriveWealth, which provides investment infrastructure to more than 100 partners worldwide, plans to integrate Ripple's RLUSD stablecoin into European settlement operations, with potential expansion into the US. It will also integrate Ripple Payments for cross-border funding and use Ripple's digital-asset custody infrastructure in Europe.
The pitch targets a gap in international investing. DriveWealth already supports trading in US equities 24 hours a day, five days a week, but international clients can face delays moving funds across borders when transfers depend on bank operating hours. According to DriveWealth CEO Naureen Hassan: "We've already enabled 24/5 trading; now we need the funding to match,"
However, the companies did not disclose expected settlement volumes, financial terms or a timetable for completing every integration. They are also exploring equity financing opportunities through Ripple Prime's Delta One business.
Meritz becomes Ripple's first Korean securities partner
Meritz is Ripple's first Korean securities-firm partner and fourth institutional partner in the country this year, following Kyobo Life Insurance, Kbank and Jeonbuk Bank. The companies will initially explore Ripple Custody and tokenization infrastructure within Meritz's existing securities operations.
The Korean firm is evaluating fractional investment products, security tokens, trading platforms, spot exchange-traded funds and won-denominated stablecoins. The agreement does not commit either company to launching those products.
The timing matters because South Korea's Financial Services Commission has scheduled the first phase of its tokenized-securities framework for Feb. 4, 2027. That phase will cover selected institutional bonds and money market funds, unlisted shares issued through trust structures and certain fractional investment securities.
Source: CryptoSlate
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