Ripple adds Delta One equity derivatives to prime brokerage platform

Ripple, a provider of blockchain-based enterprise software for traditional and digital finance markets, has launched a Delta One trading desk. Operating under the company’s multi-asset prime brokerage platform known as Ripple Prime, the new unit processes total return swaps covering United States listed equities and market indices alongside digital assets. The service targets hedge funds and asset managers requiring a unified counterparty for their trade execution.

The release expands the brokerage firm’s footprint in the equity derivatives market. By adding total return swaps to its existing foreign exchange and fixed income operations as well as digital asset clearing services, the platform allows financial institutions to cross-margin their exposures on a constant basis. Unlike traditional banking desks that operate alongside proprietary trading or market-making units, the Ripple Prime system restricts its operations to clearing and financing workflows to avoid trade execution conflicts.

“The launch of our Delta One business is an important development for Ripple Prime and a natural extension of the platform we’ve built,” said Noel Kimmel, President of Ripple Prime. “Clients can now access equities, FX, derivatives, fixed income, and digital asset prime brokerage, clearing, and financing all through a single counterparty that is built for the future of finance: cross-asset, structurally aligned, 24/7. This is in line with what institutional market participants are asking for today, and we are proud to be the ones delivering it.”

To support the platform expansion, the brokerage unit maintains more than $1 billion in regulatory net capital. The company closed a $275 million private placement of senior unsecured notes this month to fund ongoing infrastructure development. This capital injection follows a $200 million debt facility secured earlier in the year from funds managed by financial firm Neuberger Specialty Finance.