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Ripple Prime launches Delta One total return swaps for US equity derivatives
The service lets institutional clients trade total return swaps linked to US-listed equities, indexes and digital assets using a single counterparty with cross-margin across asset classes.
Ripple Prime, Ripple’s multi asset prime brokerage business, has launched a Delta One offering for institutional investors focused on US equity derivatives, according to Cointelegraph.
The platform enables clients to execute total return swaps tied to US listed equities, indexes and digital assets, a structure that provides exposure to an asset’s returns without requiring ownership of the underlying asset.
Ripple said the service is designed for hedge funds, asset managers and other financial institutions, with cross margin across supported asset classes and the ability to use a single counterparty around the clock.
Cointelegraph also reported that Ripple Prime has more than $1 billion in regulatory net capital, and that the business was formed after Ripple’s $1.25 billion acquisition of Hidden Road in October 2025 and rebranding, following a $275 million private placement of senior unsecured notes in August and a $200 million debt facility in May.