Ripple Prime launches Delta One business for institutional total return swaps across equities and digital assets

Ripple Prime, Ripple’s brokerage unit, launched a “Delta One” business aimed at institutional clients, positioned around total return swaps (TRS) across cross-asset exposures ^[1].

Reporting said the Delta One offering provides institutional access to total return swaps linked to US-listed equities and indexes, as well as digital assets, and includes cross-margin capabilities ^[2].

Additional coverage characterized the launch as an expansion into US equity derivatives, describing TRS execution for hedge funds, asset managers, and other institutional clients across US-listed equities, indexes, and digital assets ^[3].

A separate report also stated that Ripple Prime launched a Delta One business for institutions and described it as equity-market expansion tied to trading across traditional and digital markets ^[4].