Ripple Prime Launches 24/7 Perpetual Swaps Trading for Traditional Financial Assets
Institutional broker platform Ripple Prime has launched round-the-clock trading for perpetual swaps linked to traditional financial assets. The service enables institutional investors to trade contracts tied to equities, stock indices, exchange-traded funds, metals, energy, and foreign exchange continuously, including on weekends. Market maker Virtu Financial, Inc. (NYSE:VIRT) is among the institutions already using the platform, where Ripple Prime acts as the main counterparty referencing perpetual futures listed on decentralized platform Hyperliquid.
Traditional markets normally operate within set weekday hours, but this offering gives institutions constant exposure and risk management capabilities using blockchain infrastructure. Clients can cross-margin these swap positions against other supported asset classes and use Ripple USD, the company's dollar-backed stablecoin, as collateral. The move follows an August launch of total return swaps for U.S. equities and digital assets, reflecting growing institutional demand for real-world asset trading on decentralized networks.
The service is currently operating under a British Virgin Islands CIV license. Investors will be watching for regulatory approvals as Ripple Prime seeks to expand availability into additional global jurisdictions. Meanwhile, XRP (BITSTAMP:XRPUSD) traded at $1.337, up 0.51% today, as the broader platform continues to integrate traditional brokerage and settlement services.
Key points
- Ripple Prime launched 24/7 perpetual swaps tied to traditional equities, ETFs, FX, metals, and energy.
- Virtu Financial, Inc. (NYSE:VIRT) is among the institutional firms actively using the new service.
- Transactions reference perpetual futures listed on Hyperliquid and use Ripple Prime as principal counterparty.
- Clients can use Ripple USD stablecoin as collateral and cross-margin positions across asset classes.
- Ripple Prime currently operates under a British Virgin Islands license and plans further market expansion.
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How we writeDisclaimerQuestions and answers
What traditional assets can be traded on Ripple Prime?
Ripple Prime offers 24/7 perpetual swaps covering equities, stock indices, exchange-traded funds, metals, energy, and foreign exchange.
How does 24/7 perpetual swap trading work on Ripple Prime?
Trading references perpetual futures listed on Hyperliquid, with Ripple Prime serving as the primary counterparty. Institutions can manage positions continuously and use Ripple USD stablecoin as collateral.
What license is Ripple Prime using for its new swap service?
The swap service currently operates under a British Virgin Islands CIV license, with plans to expand into additional jurisdictions in the future.