DriveWealth, Ripple Expand Digital Asset Infrastructure

DriveWealth and Ripple are combining their technology to support access to digital assets across international markets.

The collaboration brings together DriveWealth’s brokerage technology and Ripple’s blockchain-based payment and digital asset infrastructure. The companies intend to help financial institutions and investment platforms add digital asset services to global investing products.

The arrangement focuses on infrastructure rather than direct investment recommendations for retail customers. DriveWealth provides technology that enables businesses to offer investing services. Ripple develops payment and digital asset solutions for financial institutions.

The companies have not disclosed financial terms or specified the markets, assets or products covered by the expanded offering.