Ripple Prime Launches Delta One Desk Without Mentioning XRP

Ripple Prime has launched its Delta One desk, which allows hedge funds to trade U.S. equities without owning shares.

The new service runs on clearing capital and debt financing, using a conflict-free execution model that strips out proprietary trading activity.

This means that clients can access equities, foreign exchange, fixed income, and digital assets through a single counterparty without worrying about information leakage or conflicts of interest.

The desk enters the market with over $1 billion in regulatory net capital, supported by a recent $275 million note issuance and a $200 million debt facility from Neuberger Specialty Finance.