Ripple Expands into Traditional Markets with New Institutional Trading Business
Ripple has expanded its presence in traditional financial markets with the launch of a new institutional trading business called Delta One. This service allows hedge funds, asset managers, and other institutional clients to execute Total Return Swaps (TRS) across US-listed equities, indices, and digital assets.
The company announced that this initiative is already live, and it aims to expand its presence in traditional financial markets less than a year after completing its $1.25 billion acquisition of prime broker Hidden Road. The service offers derivatives designed to closely track the performance of an underlying asset or index.
Ripple Prime has expanded the scope of assets available on its platform as clients can now access equities alongside foreign exchange, fixed income, derivatives, and cryptocurrencies through a single counterparty relationship.