Ripple Prime Enters Leveraged ETF Financing Market
According to CoinDesk, Ripple Prime, the prime brokerage division under Ripple, has begun providing financing services for leveraged equity ETFs, charging financing fees to funds through total return swaps. This market was previously dominated by large banks and securities firms.
In October 2025, Ripple acquired multi-asset brokerage Hidden Road for $1.25 billion, entering the clearing, financing, and cross-asset trading businesses. In August 2026, Ripple launched its Delta One business, offering total return swap products linked to U.S. equities, market indices, and digital assets, while maintaining over $1 billion in regulatory net capital and completing a $275 million senior notes issuance.
