Ripple Prime, the multi-asset prime brokerage platform of blockchain payments firm Ripple, launched its Delta One business on August 27, 2026, enabling institutional clients to execute Total Return Swaps across U.S.-listed equities, indices, and digital assets. The offering targets hedge funds, asset managers, and financial institutions seeking consolidated access to prime brokerage, clearing, and financing services across multiple asset classes.
- Launch Date: August 27, 2026
- Asset Classes: U.S.-listed equities, indices, and digital assets
- Regulatory Net Capital: Over $1 billion
- Recent Funding: $275 million senior unsecured notes placement; $200 million debt facility from Neuberger Specialty Finance
Ripple Prime‘s Delta One desk differentiates itself through a conflict-free execution model. Unlike traditional Delta One operations that operate alongside market-making or proprietary trading units, Ripple Prime focuses exclusively on clearing and financing flows. This structural separation allows the platform to serve as a neutral counterparty while managing client exposures across equities, foreign exchange, derivatives, fixed income, and digital assets through a single relationship.
The Delta One launch expands Ripple Prime‘s existing capabilities and enables 24/7 cross-margining across asset classes—a feature institutional traders increasingly demand. Noel Kimmel, President of Ripple Prime, stated that the offering reflects client demands for integrated, structurally aligned counterparties built for modern finance.
The recent funding rounds underscore Ripple Prime‘s expansion plans. The upsized $275 million notes offering and earlier $200 million facility from funds managed by Neuberger Specialty Finance provide capital to support growth in its newly launched equities derivatives business. Ripple, founded in 2012, provides blockchain-based enterprise solutions across payments, custody, liquidity, and treasury management for traditional and digital finance sectors.
