Ripple Prime Expands Into Stock Trading With New Delta One Derivatives Launch

Ripple Prime Expands Into Stock Trading With New Delta One Derivatives Launch

Thu, August 27, 2026 at 8:32 PM GMT+3 2 min read

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Ripple is expanding its institutional trading business into U.S. equities, launching a Delta One service that brings stock, index and digital asset derivatives onto the same prime brokerage platform.

Ripple Prime said the business is live and will let clients execute total return swaps tied to U.S. listed equities, indices and digital assets. The structure gives hedge funds, asset managers and other financial firms economic exposure to those markets without requiring direct ownership of the underlying securities.

The offering extends Ripple Prime beyond its existing foreign exchange, fixed income, derivatives and digital asset services. Clients can use a single counterparty relationship while cross-margining exposures across supported asset classes around the clock, bringing traditional market products closer to the 24/7 infrastructure already common in crypto.

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Ripple Prime President Noel Kimmel called Delta One a "natural extension of the platform we've built," adding that clients are asking for cross-asset access through a single counterparty.

Ripple is also positioning the business differently from traditional Delta One desks. The company said Ripple Prime operates solely in clearing and financing rather than combining the service with market-making or proprietary trading, a structure intended to reduce potential conflicts between the broker and its institutional clients.

The expansion arrives with more than $1 billion in regulatory net capital behind Ripple Prime. Earlier this month, the business closed an upsized $275 million private placement of senior unsecured notes after securing a $200 million debt facility from funds managed by Neuberger Specialty Finance earlier this year.

Ripple Prime grew out of Ripple's $1.25 billion acquisition of Hidden Road, completed in 2025, which gave the crypto company an established institutional prime brokerage operation spanning traditional and digital markets.

Delta One pushes that strategy another step into Wall Street territory, using Ripple's crypto infrastructure as part of a multi-asset brokerage rather than keeping digital assets in a separate institutional silo.

XRP (CRYPTO: $XRP) is currently trading at $1.47 U.S. per digital token.