Ripple is expanding its institutional trading business into U.S. equities through a new Delta One offering on its Ripple Prime platform. Institutional clients can now trade total return swaps tied to U.S.-listed stocks, equity indices and digital assets. This service targets hedge funds, asset managers and other financial institutions. Ripple Prime has over $1 billion in regulatory net capital and recently completed a $275 million private placement of senior unsecured notes. The offering distinguishes itself from traditional Delta One desks by focusing on clearing and financing without market-making or proprietary trading activities.
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