Ripple Prime Enters Leveraged ETF Financing Market

On October 8, according to CoinDesk, Ripple Prime, Ripple's prime brokerage division, has begun offering financing services for leveraged equity ETFs by charging financing fees to funds through Total Return Swaps (TRS). This market was previously dominated by major banks and securities firms.

In October 2025, Ripple acquired multi-asset broker Hidden Road for $1.25 billion, thereby entering the clearing, financing, and cross-asset trading sectors. In August 2026, Ripple launched its Delta One business, offering Total Return Swap products linked to U.S. equities, market indices, and digital assets, while maintaining over $1 billion in regulatory net capital and completing a $275 million senior note issuance.