Ripple has taken its first step into the US stock market by launching a new Delta One service under its institutional investor brokerage platform, Ripple Prime. According to Bloomberg, the new service allows institutional investors to trade Total Return Swaps (TRS) on stocks, stock indices, and digital assets listed on US exchanges.
In an official statement, Ripple indicated that the Delta One service is now available. This product is specifically designed to meet the diverse investment horizons, risk management policies, and reporting needs of hedge funds, asset managers, market makers, and other financial institutions.
With this new service, Ripple Prime's scope of activities has expanded beyond digital assets. The company already offers brokerage, clearing, and financial services in the forex, derivatives, fixed-income securities, and cryptocurrency markets. The addition of Delta One allows US stocks and indices to be added to the asset classes covered by the platform.
According to Ripple, clients will be able to conduct operations across various asset classes with a single counterparty and provide cross-collateral for their positions around the clock. The company claims this can particularly enhance capital efficiency in large-scale institutional trading strategies.
*This is not investment advice.
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