Odaily Planet Daily reports: Ripple’s institutional brokerage division, Ripple Prime, has officially launched its Delta One business, marking its first expansion into stock trading and further broadening its traditional finance and digital asset services for institutional investors.
Noel Kimmel, President of Ripple Prime, said the new offering allows investors to execute total return swaps on U.S.-listed stocks, indices, and digital assets, serving institutional clients such as hedge funds, market makers, and ETF issuers.
This move marks Ripple’s further expansion from cryptocurrency services into traditional financial markets. Through Delta One products, Ripple Prime aims to provide institutional investors with an integrated trading channel covering equities, indices, and digital assets, strengthening its competitiveness at the intersection of digital assets and traditional capital markets. (Bloomberg)