Ripple Prime Expands Into Equity Derivatives With Delta One Launch

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, adding equity derivatives to a platform already spanning foreign exchange, fixed income, derivatives, and digital assets. The Delta One offering is live for institutional investors including hedge funds, asset managers, and other financial institutions.

Clients can execute total return swaps tied to U.S.-listed equities, indices, and digital assets, according to Ripple. The offering also allows cross-margining across supported asset classes through a single counterparty relationship.

Ripple Prime President Noel Kimmel said:

“The launch of our Delta One business is an important development for Ripple Prime and a natural extension of the platform we’ve built.”

“Clients can now access equities, FX, derivatives, fixed income, and digital asset prime brokerage, clearing, and financing all through a single counterparty that is built for the future of finance: cross-asset, structurally aligned, 24/7. This is in line with what institutional market participants are asking for today, and we are proud to be the ones delivering it,” the executive added.