Crypto

Ripple to settle funding for U.S. stock trades with RLUSD in DriveWealth partnership

Ripple is partnering with DriveWealth to integrate blockchain-based payments and stablecoin settlement into traditional financial infrastructure. The companies plan to connect Ripple’s institutional payments infrastructure to DriveWealth’s global investment network. The partnership centres on RLUSD, a U.S. dollar-pegged stablecoin, with institutional settlement to start in Europe before expanding to the United States. The companies also aim to support collateral account funding and explore stock financing opportunities.

Finance

Hana Bank issues $600 million dollar bond, secures $2.7 billion demand

Hana Bank issued $600 million in senior foreign-currency bonds and secured $2.7 billion in investor demand, or 4.5 times the deal size. The U.S. dollar bonds consist of 3-year and 5-year fixed-rate notes. Final yields were set at 5.25 percent for the 3-year tranche and 5.50 percent for the 5-year tranche. The bank also held its first investor roadshows in Shanghai and Beijing.