Company
Ripple's prime brokerage unit, offering multi-asset prime brokerage, clearing and financing to institutional clients across traditional and digital markets.
Ripple and DriveWealth will settle in RLUSD on the XRP Ledger across a brokerage network of more than 100 partners, starting in Europe. The companies did not disclose volumes or fees, so the only size on offer is the partner count.
Reality
Ripple Prime writes total return swaps for US leveraged ETFs and collects the financing fees, while XRP fell more than 8% in a week to $1.39. Swap clients need no XRP, so the revenue builds Ripple's value without adding token demand.
Reality
Securitize is bringing tokens of 12 US stocks, including Apple and Nvidia, to Solana, each backed one-for-one by a share. Its NYSE and OKXICE listings wait on venues that have yet to launch, so for now the tokens trade on Securitize's own Solana platform.
Perspective Coverage
9 publishersReality
Ripple Prime will act as prime broker, clearer and lender to funds of Brevan Howard, a $35 billion manager whose affiliated funds invested in Ripple in 2025. That makes those funds both Ripple's investors and its borrowers, though neither firm disclosed how much business moves.
Perspective Coverage
6 publishersReality
Ripple is financing leveraged stock ETFs through its prime brokerage arm, a business it entered by buying Hidden Road for $1.25 billion. The fees come with exposure to client funds that one large move in a single stock can wipe out.
Perspective Coverage
3 publishersReality