【Crypto Brief】Ripple Prime launches RWA perpetual swaps, enabling institutions to trade traditional asset exposure 24/7
🏦 On October 15, Ripple Prime, Ripple’s institutional brokerage business, announced support for real-world asset (RWA) perpetual swaps, covering more than 100 reference markets, including stocks, indices, ETFs, metals, energy, and foreign exchange.
🔗 The contracts reference perpetuals listed by Trade.xyz on Hyperliquid. Ripple Prime acts as the counterparty, allowing trading and settlement even on weekends. Clients can use RLUSD as collateral, and Virtu is already using the service.
👀 The service is currently offered under Ripple Prime’s CIV BVI license. Ripple says it plans to expand to more regions but has not announced a timeline.
Source: The Block, official Ripple announcement
⚠️ Risk warning: Crypto asset prices are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please make informed decisions and manage leverage carefully.
🏦 On October 15, Ripple Prime, Ripple’s institutional brokerage business, announced support for real-world asset (RWA) perpetual swaps, covering more than 100 reference markets, including stocks, indices, ETFs, metals, energy, and foreign exchange.
🔗 The contracts reference perpetuals listed by Trade.xyz on Hyperliquid. Ripple Prime acts as the counterparty, allowing trading and settlement even on weekends. Clients can use RLUSD as collateral, and Virtu is already using the service.
👀 The service is currently offered under Ripple Prime’s CIV BVI license. Ripple says it plans to expand to more regions but has not announced a timeline.
Source: The Block, official Ripple announcement
⚠️ Risk warning: Crypto asset prices are highly volatile. This article is for informational purposes only and does not constitute investment advice. Please make informed decisions and manage leverage carefully.