Ripple Just Took a Big Step Into Wall Street With Its New Stock Trading Desk

TLDR

• Ripple Prime launched a delta one business, letting institutions execute total return swaps on US stocks, indexes, and crypto assets
• The service targets hedge funds, market makers, and ETF issuers through a single counterparty platform
• Ripple Prime has over $1 billion in regulatory net capital, backed by a $275 million private placement and a $200 million debt facility
• XRP rose nearly 5% in 24 hours to $1.43, with trading volume up 8%
• Spot XRP ETFs saw $28.14 million in inflows on Wednesday, the strongest single day in over seven months

Ripple Prime, the brokerage arm of crypto company Ripple, has launched a delta one business that lets institutional clients trade US stocks, indexes, and crypto assets from one platform.

Introducing Ripple Prime’s Delta One business – bringing Total Return Swaps across US-listed equities, indices and digital assets to clients, tailored to their investment horizons, risk mandates and reporting requirements.

Single counterparty. Cross-margined. Structurally…

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