Ripple Is Quietly Becoming a Wall Street Lender Some crypto companies chase Wall Street. Ripple seems to be moving into its back office. 🏦 Through Ripple Prime, the old Hidden Road it bought for $1.25 billion in 2025, it's now financing leveraged stock ETFs, a business long run by big banks. Here's how it works in plain words. A fund promising twice Nvidia's daily move doesn't buy double the shares, it signs a swap with a broker who provides the exposure and charges a fee. One Sandisk 2X fund pays Ripple the overnight bank rate plus four points, roughly 8% a year. What I find fascinating is the timing. Tighter capital rules pushed banks back, and nonbank players like Ripple Prime, Jane Street and Clear Street are filling the gap in a market of 593 leveraged ETFs holding over $256 billion. Ripple also has over $1 billion in regulatory net capital. 🧩 Still, this isn't free money. Leveraged ETFs reset daily, and a violent move in one stock can leave the lender exposed if the fund can't cover losses. For $XRP holders, I'd read this less as a price story and more as a sign of how serious Ripple has become about traditional finance. 💡 #XRP #Ripple #Macro Insights#