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Story thread · 4 updates · October 8, 2026 → October 21, 2026

Ripple Institutional Prime Brokerage Expansion

Where things stand · updated 2h ago

The Saga

Ripple Prime is broadening its footprint in traditional and decentralized finance by building out institutional prime brokerage infrastructure anchored by the $RLUSD stablecoin and the XRP Ledger.

Where Things Stand

The firm rolled out a Delta One desk on Oct. 8 offering Total Return Swaps across US equities, indices, and digital assets with continuous cross-margining [1]. Brokerage infrastructure provider DriveWealth subsequently partnered with Ripple on Oct. 15 to integrate $RLUSD on the XRP Ledger for European settlement, ahead of a planned US rollout [2].

Expansion into decentralized venues followed on Oct. 16, when Ripple Prime added connectivity to Hyperliquid to allow institutional cross-margining across digital assets, foreign exchange, and fixed income [3]. Most recently, on Oct. 21, the brokerage enabled 24/7 swaps spanning over 100 equity and commodity markets collateralized by $RLUSD, though HSBC highlighted that thin liquidity remains an obstacle to broader adoption [4].

Why It Matters

The integration of decentralized execution venues and tokenized fiat settlement into institutional prime services bridges traditional capital markets with onchain derivatives.

What Happens Next

DriveWealth and Ripple plan to expand their $RLUSD settlement services into the US market following the European deployment [2].

Timeline

  1. Ripple Prime Enables 24/7 Swaps on Stocks and Commodities Backed by RLUSD

    Institutions can now trade swaps across more than 100 markets using RLUSD collateral, though HSBC cautions that thin liquidity limits adoption.

  2. Ripple Prime Integrates Hyperliquid for Institutional DeFi Derivatives

    The institutional prime broker added support for the decentralized venue, enabling cross-margining across digital assets, FX, and fixed income.

  3. DriveWealth Partners With Ripple to Integrate Stablecoins and Custody

    The brokerage-as-a-service firm will use RLUSD on the XRP Ledger for European settlement before expanding into the United States.

  4. Ripple Prime Launches Delta One Desk for US Equities and Crypto Derivatives

    The institutional prime broker is offering Total Return Swaps across US equities, indices, and digital assets with round-the-clock cross-margining.

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