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Ripple Prime Launches 24/7 Institutional Swaps Across 100+ RWA Reference Markets
Ripple Prime now offers institutional swaps referencing more than 100 continuous markets across equities, ETFs, metals, energy and foreign exchange.
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Ripple announced on October 15 that Ripple Prime has launched institutional swaps tied to more than 100 reference markets across equities, equity indices, exchange-traded funds, metals, energy and foreign exchange. Ripple says the products trade and settle continuously, including outside the operating hours of the traditional markets they reference.
How the structure works
The contracts are derivatives, not tokenized shares or direct ownership of commodities. Ripple Prime acts as principal to its clients, while the swaps reference perpetual futures listed by Trade.xyz on Hyperliquid. That distinction keeps the client relationship within Ripple Prime’s brokerage framework while using crypto-native markets as the reference layer.
Ripple says clients can cross-margin the new exposures against other supported asset classes and may use RLUSD as collateral, although availability varies by jurisdiction. Virtu is named as an institutional user. The offering is currently provided through Ripple Prime’s CIV BVI license, with broader regional availability described as a future intention rather than a completed rollout.
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Key takeaways
- //Ripple Prime says institutional clients can trade and settle swaps tied to more than 100 reference markets around the clock.
- //The swaps reference Trade.xyz perpetual futures listed on Hyperliquid, while Ripple Prime acts as the client's principal counterparty.
- //Clients can cross-margin these exposures and may use RLUSD as collateral, subject to jurisdictional availability.
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