Ripple Prime Expands into US Equity Derivatives with Delta One Business

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Ripple Prime's Growth and Expansion":"Ripple Prime, a multi-asset prime brokerage business, has seen significant growth and expansion. In October 2025, Ripple completed its $1.25 billion acquisition of Hidden Road, which was then rebranded as Ripple Prime. This acquisition has allowed Ripple Prime to offer a wider range of services, including derivatives, fixed income, and digital assets. The company has already secured substantial regulatory net capital, with more than $1 billion in regulatory net capital as of the time of the announcement.","

Delta One Service Details":"The Delta One service, launched by Ripple Prime, is designed to provide institutional investors with a single counterparty and cross-margin exposures across various asset classes. Total return swaps, a key feature of this service, allow clients to access the returns of an asset without owning the underlying asset. This service targets hedge funds, asset managers, and other financial institutions.","

Ripple Prime's Existing Services":"Ripple Prime's existing prime brokerage, clearing, and financing services cover foreign exchange, derivatives, fixed income, and digital assets. The company has also secured a $200 million debt facility from funds managed by Neuberger Specialty Finance to expand its lending capacity for institutional clients. Additionally, Ripple Prime closed a $275 million private placement of senior unsecured notes to support its growth."}