Ripple Prime Enters US Equity Derivatives with New Delta One Service

Ripple Prime is expanding its services into US equity derivatives with a new Delta One service.

The move follows a $275 million senior note offering through Ripple Prime to expand U.S. clearing, financing, and prime brokerage services, which was fueled by the funding boost.

Ripple Prime has been gaining institutional momentum, having centrally cleared over $1.2 trillion daily in spot US Treasury transactions through the Fixed Income Clearing Corporation (FICC) with the Depository Trust & Clearing Corporation (DTCC).

The company's CEO, Michael Higgins, said that Ripple Prime is bringing EDX Markets liquidity into its institutional framework, and hinted at a potential role for XRP in institutional collateral systems alongside Bitcoin, Ethereum, and Solana.