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Ripple Prime Expands Institutional Offering With Real-World Asset Swaps Linked to Hyperliquid

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XRPUSD$1.34 0.56%HYPEUSD$81.26 0.54%

Ripple Prime, the prime brokerage division of Ripple, launched real-world asset perpetual swaps designed for institutional investors. The derivative products track perpetual futures listed by Trade.xyz on Hyperliquid (COINBASE:HYPEUSD) and span more than 100 markets, including foreign exchange, equities, exchange-traded funds, commodities, and stock indices. XRP (BITSTAMP:XRPUSD) traded at 1.322 USD following the release.

The expansion enables institutional traders to gain leveraged exposure to traditional market instruments without expiration dates, with continuous round-the-clock trading and settlement. Clients can utilize Ripple's RLUSD stablecoin as collateral where permitted by local jurisdiction. Additionally, cross-margining features allow firms such as market maker Virtu to consolidate portfolio risk and lower overall margin requirements across multiple asset classes with a single counterparty.

These swaps are initially available under Ripple Prime's CIV BVI regulatory license. Market participants will monitor further geographic rollouts as Ripple expands regulatory coverage to additional regions, alongside institutional adoption rates for continuous real-world asset trading.

Key points

  • Ripple Prime launched institutional real-world asset perpetual swaps covering over 100 reference markets.
  • The products reference perpetual futures listed by Trade.xyz on Hyperliquid and settle 24/7.
  • Institutional clients can deposit Ripple's RLUSD stablecoin as collateral and use cross-margining.
  • Market maker Virtu is among the institutional clients already actively trading the new swaps.
  • The swaps operate under a CIV BVI license, with plans for rollout into additional jurisdictions.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What are Ripple Prime's new real-world asset perpetual swaps?

They are crypto derivative contracts that allow institutional clients to trade traditional assets like equities, metals, and foreign exchange using leverage without an expiration date.

Which platform references the underlying contracts for Ripple's RWA swaps?

The swaps reference perpetual futures listed by Trade.xyz on the Hyperliquid platform, with Ripple Prime acting as the principal in the transactions.

What collateral can institutional clients use for trading these swaps?

Clients can use Ripple's RLUSD stablecoin as collateral, depending on local jurisdictional regulations, while managing margin requirements across their whole portfolio.