Ripple Prime Opens 24/7 RWA Perpetual Swaps: Institutional Capital Hits Tokenized Stocks and Commodities
Image: Coinspeaker
The biggest Ripple news of the week has nothing to do with the XRP Ledger. Ripple Prime, the prime broker Ripple built from its $1.25 billion Hidden Road deal, now lets institutions trade exposure to stocks, metals, energy and currencies around the clock, weekends included. Ripple announced on October 15 that its new real-world asset (RWA) perpetual swaps cover more than 100 reference markets, and market maker Virtu is already trading them. So what does a Wall Street desk get out of this Ripple news that it couldn’t get on a Friday night before? And does any of it touch XRP?
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