Ripple Prime | Crypto

Institutional clients can access total return swaps across linked to US-listed equities, indexes and digital assets and cross-margin exposures. Ripple Prime, Ripple’s multi-asset prime brokerage business, launched a Delta One service for institutional investors, expanding into US equity derivatives. The offering allows clients to execute total return swaps linked to US-listed equities, indexes and digital assets, Ripple said in a Thursday announcement. Total return swaps provide exposure to an asset’s returns without requiring ownership of the underlying asset. Read more

Ripple announced its agreement with the global investment firm Monday, noting that Ripple Prime’s revenue has tripled in the last year, when. it acquired it for $1.25 billion.

The move allows institutions to trade Bitcoin options through a prime brokerage layer using existing accounts. Crypto exchange Bullish has expanded its integration with Ripple Prime to give institutional clients direct access to Bitcoin options trading, adding to existing spot, perpetual and futures connectivity through the platform’s prime brokerage network. The integration connects Ripple Prime users to Bullish’s regulated Bitcoin (BTC) options markets, allowing trades to be funded through existing sub-accounts without additional onboarding, with stablecoins such as Ripple USD (RLUSD) supported as collateral. RLUSD is a US dollar-pegged stablecoin designed for payments, settlement and use as collateral in digital asset markets. It has a market capitalization of about $1.57 billion, according to DeFiLlama data. Read more

Ripple Prime bundles trading, financing and clearing for institutions in one service, with risk controls, regulated custody and optional RLUSD collateral.