Standard Chartered · South Korea · CryptoSlate
Ripple targets trillion-dollar securities markets with new US brokerage and South Korean agreements
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Ripple announced partnerships with DriveWealth and Meritz Securities to extend its services across global brokerage and securities markets.
Key facts
- South Korea's Financial Services Commission has scheduled the first phase of its tokenized-securities framework to begin on Feb. 4, 2027, when amendments to the Electronic Registration Act take effect
- We've already enabled 24/5 trading; now we need the funding to match,” DriveWealth Chief Executive Officer Naureen Hassan said in the announcement
- DriveWealth already supports trading in US equities for 24 hours a day, five days a week
- The companies are also exploring equity financing opportunities through Ripple Prime's Delta One business, which covers institutional services involving US equities and equity derivatives
Summary
01 Ripple secured partnerships with DriveWealth and Meritz Securities to expand its stablecoin, custody and tokenization services into global capital markets. 02 The agreements could bring RLUSD into brokerage settlement while expanding Ripple's reach across South Korea's regulated securities industry. 03 The partnerships open new commercial opportunities, but neither announcement establishes revenue expectations or a complete deployment timetable. The two agreements, announced on Oct. 14, will bring Ripple's stablecoin, payments, and custody infrastructure into DriveWealth's brokerage operations while exploring securities tokenization opportunities with South Korea's Meritz.