Ripple is expanding its institutional trading business into U.S. equities, launching a Delta One service that brings stock, index and digital asset derivatives onto the same prime brokerage platform.
Ripple Prime said the business is live and will let clients execute total return swaps tied to U.S. listed equities, indices and digital assets
The structure gives hedge funds, asset managers and other financial firms economic exposure to those markets without requiring direct ownership of the underlying securities. The offering extends Ripple Prime beyond its existing foreign exchange, fixed income, derivatives and digital asset services. Clients can use a single counterparty relationship while cross-margining exposures across supported asset classes around the clock, bringing traditional market products closer to the 24/7 infrastructure already common in crypto.
More From Cryptoprowl: Ripple Prime President Noel Kimmel called Delta One a “natural extension of the platform we’ve built,” adding that clients are asking for cross-asset access through a single counterparty. Ripple is also positioning the business differently from traditional Delta One desks. The company said Ripple Prime operates solely in clearing and financing rather than combining the service with market-making or proprietary trading, a structure intended to reduce potential conflicts between the broker and its institutional clients.