Search results for LMAX
Finance
Ripple secures $200 million debt facility to expand Ripple Prime
Ripple has secured a $200 million debt facility from investment manager Neuberger Berman, with the funds to be used to grow Ripple Prime, a multi-asset prime brokerage platform aimed at U.S. institutional clients. The facility will be provided by Neuberger Berman Specialty Finance. Ripple plans to expand Ripple Prime’s credit capacity and improve service responsiveness and capital efficiency for institutional customers.
Crypto
LMAX launches Omnia Exchange linking FX, crypto and blockchain payments
LMAX Group has launched Omnia Exchange, a platform connecting FX, cryptocurrency and digital asset trading, Cointelegraph reported on Feb. 10. The platform supports blockchain payments and enables institutional investors to exchange assets in real time. Built on LMAX exchange technology and liquidity pools, it lets institutions swap multiple assets through a single API and settle trades via traditional financial networks or blockchain.
Crypto
Ripple invests $150 million in LMAX to expand RLUSD stablecoin for institutions
Ripple is making a $150 million strategic investment in LMAX Group, a global institutional exchange operator, and has signed a partnership centred on its Ripple USD (RLUSD) stablecoin, The Block reported. Under a multi-year agreement, RLUSD is expected to become key collateral across LMAX’s institutional trading infrastructure. Institutional clients including banks, brokers and asset managers will be able to use RLUSD for margin and settlement across several trading products.