Ripple Prime Launches Delta One Service for US Equity Derivatives
The service lets hedge funds and asset managers gain cross-margin exposure to equities, indexes and digital assets without owning the underlying assets.
- On Thursday, August 27, 2026, Ripple Prime launched its Delta One service, allowing institutional clients to execute total return swaps linked to US-listed equities, indexes, and digital assets.
- The brokerage developed this capability following its $1.25 billion acquisition of Hidden Road in October 2025, which established the multi-asset infrastructure for clearing, financing, and prime brokerage services.
- According to Ripple Prime President Noel Kimmel, the launch is a "natural extension" of the platform, which serves more than 300 institutional customers and operates with more than $1 billion in regulatory net capital.
- To support this expansion, the firm closed a $275 million private placement of senior unsecured notes on August 18, following a $200 million debt facility secured from Neuberger Specialty Finance in May.
- The firm continues integrating digital asset infrastructure, including prior integrations with EDX Markets and Hyperliquid, while utilizing its RLUSD stablecoin to facilitate settlement and collateral roles within prime brokerage products.
33 Articles
33 Articles
Ripple Prime Expands Into Stock Trading With Delta One Business
Ripple’s prime-brokerage unit launched a so-called delta one business in its first push into the equities market, expanding its offerings for institutional clients trading across traditional and digital markets.
Ripple Prime launches Delta One service for US equity derivatives
Ripple Prime has launched a Delta One business that lets institutional clients trade total return swaps tied to U.S.-listed equities, indexes and digital assets through its multi-asset prime brokerage platform. Ripple said Thursday that the service is live for hedge…
Ripple Prime Expands Into Equity Derivatives With Delta One Launch
Ripple Prime has launched a Delta One business offering total return swaps across U.S.-listed equities, indices, and digital assets. The expansion gives institutional investors cross-asset access through a single prime brokerage counterparty. Ripple Prime Adds Delta One to Multi-Asset Brokerage Ripple expanded its institutional brokerage business Aug. 27 with the launch of Delta One within […]
Ripple Prime Launches Delta One as XRP Holds Near $1.42
Key Insights Ripple Prime has launched a Delta One business that expands its institutional prime-brokerage platform into equity derivatives. The new service enables hedge funds, asset managers, and other institutions to trade total return swaps tied to U.S.-listed stocks, indices, and digital assets. The launch extends Ripple Prime beyond its existing services in foreign exchange, […] The post Ripple Prime Launches Delta One as XRP Holds Near $1…
Ripple Unites Crypto and Equity Derivatives: Why India’s Institutions Should Care
Ripple Prime clears over $3 trillion annually and serves more than 300 institutions. India’s FPIs invested ₹27,186 crore in equities through August 25, the best since 2024. SEBI says 87.7% of equity-derivatives traders lost ₹91,685 crore in FY ’26 overall. Ripple is extending its institutional business beyond digital assets by combining crypto exposure with U.S. equity derivatives through its Ripple Prime platform. The expansion matters for Indi…
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