Ripple has expanded its institutional prime brokerage offering with the debut of a new Delta One desk inside Ripple Prime, giving professional investors another way to gain equity-linked exposure through total return swaps.
The announcement, dated August 27, 2026 from San Francisco, positions the service as live and available for clients seeking customized access to US-listed stocks, equity indices, and digital assets.
Ripple Prime operates as a multi-asset prime brokerage platform covering foreign exchange, listed and OTC derivatives, fixed income, and digital assets.
The new Delta One capability is meant to sit alongside those businesses rather than replace them.
Institutions such as hedge funds and asset managers can now use a single counterparty for a broader range of products while netting margin across asset classes around the clock.
Ripple presents this as a practical response to demand for more efficient, always-on market access at institutional scale.
A distinguishing claim is the firm’s stated conflict-free model. Ripple Prime says it does not run a market-making book or proprietary trading desk next to the Delta One operation.
Instead, it focuses on clearing and financing flow.
The company argues this structure reduces the kinds of conflicts that can appear when an execution desk also takes directional risk.
Noel Kimmel, President of Ripple Prime, described the launch as a logical next step for the platform.
He said clients can now obtain prime brokerage, clearing, and financing for equities, FX, derivatives, fixed income, and digital assets through one relationship designed for a market that is increasingly cross-asset and continuous.
The remarks frame the move as matching what large institutional participants have been requesting.
On the balance-sheet side, Ripple Prime highlights more than $1 billion in regulatory net capital as support for the new business.
In the same period it completed an upsized $275 million private placement of senior unsecured notes intended to fund further growth.
That financing followed an earlier $200 million debt facility arranged with funds managed by Neuberger Specialty Finance.
Ripple itself, founded in 2012, markets blockchain-based tools that span payments, custody, liquidity, and treasury functions for both traditional and digital-asset markets.
Its solutions include the RLUSD stablecoin and the XRP ledger, which the company says help institutions move, store, exchange, and manage value.
The Delta One launch therefore combines an expansion into equity derivatives with a broader pitch: a single, well-capitalized counterparty that can service mixed portfolios without the usual silos between asset classes or time zones.
Whether the offering gains meaningful share will depend on execution quality, pricing, and how institutions weigh the conflict-free claim against established prime brokers. For now, the announcement adds another product line to Ripple Prime’s institutional suite.