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Digital asset technology company EDX Markets and EDXM International have announced the integration of Ripple Prime to expand their crypto services for institutional clients. EDX, which provides a dedicated transaction infrastructure and centralized clearing service to institutions, aims to make its liquidity, clearing, and collateral management processes more efficient through this collaboration.
EDX Markets stands out as a platform aiming to bring the sophisticated exchange structure of traditional financial markets to the digital asset sector. The company states that it serves institutional investors with deep liquidity, low transaction costs, and a reliable pricing infrastructure. Focusing on risk management, EDX also claims to have established a structure that ensures operational and capital efficiency.
As part of the Ripple Prime integration, the parties are working on integrating Ripple’s US dollar-backed stablecoin, $RLUSD, into the EDX ecosystem in the future. The planned integration aims to use $RLUSD as a collateral and settlement asset in spot crypto transactions and perpetual futures trading.
This step will enable institutional clients to deposit and withdraw margin using regulated dollar-denominated digital assets. Furthermore, the $RLUSD integration is expected to improve capital efficiency by increasing cross-collateralization across different markets.
*This is not investment advice.
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