Ripple Prime Enters Leveraged ETF Financing Market

Ripple's prime brokerage arm, Ripple Prime, has begun providing financing services for leveraged equity ETFs, charging funds a financing fee via Total Return Swaps. This market was previously dominated primarily by large banks and securities firms.

Ripple acquired multi-asset brokerage firm Hidden Road for $1.25 billion in October 2025, thereby entering clearing, financing, and cross-asset trading businesses. In August 2026, Ripple launched its Delta One business, offering total return swap products linked to U.S. equities, market indices, and digital assets, with regulatory net capital exceeding $1 billion, and completed a $275 million senior bond issuance.

[TechFlow]