Ripple, a provider of blockchain-based enterprise solutions for traditional and digital finance, has announced that its global multi-asset prime brokerage platform, Ripple Prime, has completed an integration with EDX Markets and EDXM International, expanding institutional client access to digital asset liquidity.
The integration enables Ripple Prime’s clients to tap into spot trading and perpetual futures liquidity through a single, capital-efficient prime brokerage structure. EDX Markets’ spot venue and EDXM International’s perpetual futures exchange serve as primary price discovery destinations, offering deep liquidity through a non-conflicted model built on best practices drawn from traditional financial markets. Ripple Prime enhances this offering with credit intermediation, net settlement and collateral management services designed to address the challenges of market fragmentation and counterparty risk.
The partnership also sets the stage for the future incorporation of Ripple USD (RLUSD), the firm’s US dollar-backed stablecoin, as a settlement and collateral asset on EDX. Once live, this would allow institutional clients to post and receive margin via a fully regulated, dollar-pegged digital asset, improving cross-collateralisation and margin efficiencies across both spot crypto and perpetual futures activity.
Ripple Prime international CEO Michael Higgins said, “Building the next generation of prime brokerage requires partnering with venues that provide a secure, liquid bridge between traditional and digital markets. EDX is institutional-grade and delivers the performance, reliability, and depth that our clients expect. We’re excited to make its market structure seamlessly accessible through Ripple Prime’s capital-efficient framework, raising the bar for institutional digital asset trading.”
EDX Markets CEO Tony Acuña-Rohter said, “Institutions are demanding market infrastructure that combines the operational rigor of traditional finance with the innovation and efficiency of digital assets.
“By integrating with Ripple Prime, we’re expanding access to deep, transparent liquidity across spot and perpetual futures markets through a capital-efficient framework designed for scale. Together, we’re helping accelerate the maturation of digital assets and setting a higher standard for market participants.”
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