Altcoins News
By Dan Saada
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The Hidden Road Acquisition Behind All of This. The backstory here goes back to October 2025. Ripple bought Hidden Road for $1.
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Why Delta One, and Why Now. Delta One products aren't new to Wall Street. Banks and prime brokers have offered total return…
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Ripple Prime just moved into US equity derivatives. The firm launched a Delta One service for institutional investors, giving them access to total return swaps tied to US-listed…
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The service went live Thursday. It's built for hedge funds, asset managers, and financial institutions that want exposure to asset returns without the operational headache of…
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Ripple Prime already covers foreign exchange, derivatives, fixed income, and digital assets through its prime brokerage operation.
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The backstory here goes back to October 2025. Ripple bought Hidden Road for $1.25 billion, and out of that deal came Ripple Prime — the rebranded, expanded prime brokerage entity.
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Since the rebranding, Ripple Prime has been stacking up capital. In August, the firm closed a $275 million private placement of senior unsecured notes.
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Related: Jeonbuk Bank Partners with Ripple to Challenge SWIFTs Cross-Border Payment System
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The debt facility from Neuberger Specialty Finance in particular seems designed to give Ripple Prime more flexibility on the lending side, letting it serve institutional clients…
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Delta One products aren't new to Wall Street. Banks and prime brokers have offered total return swaps and similar instruments to institutional clients for decades.
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The ability to cross-margin across asset classes is a real differentiator here. An institutional client running a crypto position alongside equity exposure can potentially net…
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And the continuous operation piece isn't trivial either. Traditional prime brokers run on market hours. Digital asset markets don't.
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See also: Protesters Confront Ripple Co-Founder Chris Larsen Over $9.4 Million Surveillance Investment
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Ripple Prime's existing suite — prime brokerage, clearing, financing across FX, derivatives, fixed income, and digital assets — gives the Delta One service a ready-made ecosystem…
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Whether institutional demand actually meets Ripple Prime's ambitions here is still an open question.
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