Ripple Prime Brings Equity Derivatives to Institutional Clients
Ripple Prime has launched its new 'Delta One' business, expanding its reach into traditional financial markets. This move marks a significant shift for Ripple Prime as it enters the equity derivatives market.
The Delta One service is designed for institutional clients, including hedge funds and asset managers, allowing them to use Total Return Swaps (TRS) to gain exposure to various assets without directly buying or holding them.
Ripple Prime's cross-margining system brings stock derivatives and crypto exposure under one platform, making it a major change in the industry. Traditionally, institutions needed different firms to manage their stock and crypto positions, but Ripple Prime is now offering a single counterparty and shared margin pool available 24/7.
Ripple Prime President Noel Kimmel emphasized that the new service is a natural step for the platform, aligning with what institutional clients are seeking. 'Clients can now access equities, FX, derivatives, fixed income, and digital asset prime brokerage, clearing, and financing all through a single counterparty,' he said.
The Delta One business launches with over $1 billion in regulatory net capital, giving it a strong financial base as it expands its institutional services. This funding strength could help Ripple Prime compete with major financial firms while supporting its new Delta One business.