Ripple launches Ripple Prime, an institutional trading platform for hedge funds and asset managers offering Total Return Swaps across equities and crypto.
Ecosystem ·
Ripple has launched Ripple Prime, an institutional trading business targeting hedge funds and asset managers. The platform enables execution of Total Return Swaps across equities and cryptocurrencies. The service operates following Ripple's acquisition of Hidden Road, which now functions under the Ripple Prime brand and is currently live.
The offering represents an expansion of Ripple's footprint in traditional finance. Ripple Prime grants institutional clients access to a range of asset classes spanning equities and digital assets. The business has received a BBB investment-grade rating, signaling financial stability and creditworthiness in the sector.
The specific mechanics of the Total Return Swap offerings and the scope of assets available remain partially undetailed in available reporting. The competitive positioning relative to existing prime brokers and the client acquisition strategy going forward have not been disclosed.