Ripple Prime, Ripple's prime brokerage unit, has launched a Delta One business, enabling institutional investors to trade synthetic equity exposure in US stocks and indexes via total return swaps. This move expands its offerings beyond digital assets and FX.
Ripple's expansion into US equity derivatives signifies a growing trend of traditional financial services being integrated with digital asset platforms, potentially creating a more unified market for institutional investors.
Ripple Prime, the institutional brokerage arm of crypto infrastructure firm Ripple, has launched a Delta One business, enabling clients to trade synthetic equity exposure in US stocks and indexes. This strategic expansion moves Ripple Prime into equity markets, broadening its offerings beyond its existing services in crypto, FX, derivatives, and fixed income. The firm aims to bridge traditional finance (TradFi) and the digital asset industry on a single platform.
Noel Kimmel, president of Ripple Prime, stated that the new offering is designed for market participants such as hedge funds, market makers, and ETF issuers. The launch allows investors to execute total return swaps on US stocks, indexes, and crypto assets without directly holding the underlying shares.
This expansion follows Ripple Prime's recent closure of an upsized $275 million private placement of senior unsecured notes. The firm indicated strong demand from institutional investors for this offering, with plans to invest the capital into its team and technology to bolster its position as a leading non-bank prime broker globally.