Ripple Prime Expands into US Equity Derivatives Market with Delta One Business
Ripple Prime, the multi-asset prime brokerage arm of Ripple, has officially launched its new Delta One service tailored for institutional investors. This strategic roll-out marks the firm’s expansion into the high-demand US equity derivatives market.
The new offering enables institutional clients to execute total return swaps linked to US-listed equities, major market indexes, and digital assets. Total return swaps allow market participants to gain exposure to an asset’s financial performance and returns without requiring physical ownership of the underlying asset.
Advanced Cross-Margining and Efficiency
The Delta One service is specifically designed to meet the operational needs of hedge funds, asset managers, and other institutional financial firms. Ripple stated that clients can consolidate their operations by utilizing a single counterparty and taking advantage of round-the-clock cross-margin exposures across all supported asset classes.
“The launch of our Delta One business is an important development for Ripple Prime and a natural extension of the platform we’ve built,” Ripple Prime President Noel Kimmel said.
Fueling Institutional Growth
This latest service complements Ripple Prime’s existing institutional suite, which includes comprehensive prime brokerage, clearing, and financing services across foreign exchange (FX), derivatives, fixed income, and digital assets. To support these extensive operations, Ripple noted that the business maintains more than $1 billion in regulatory net capital.
The foundations for Ripple Prime were established following Ripple’s $1.25 billion acquisition of Hidden Road in October 2025, which was subsequently rebranded. The business has since aggressively expanded its financial capacity.
Earlier in August, Ripple Prime closed a $275 million private placement of senior unsecured notes to support its ongoing growth initiatives. This capital injection followed a $200 million debt facility secured in May from funds managed by Neuberger Specialty Finance, which was designated to expand lending capacity for the firm’s global institutional client base.
No Comments