Ripple Launches Delta One Business to Enter Stock Trading Market, Bridging Traditional and Digital Assets

Odaily News: Ripple Prime, the institutional brokerage division of Ripple, has officially launched its Delta One business, marking its first expansion into stock trading and further broadening its range of traditional finance and digital asset services for institutional investors.

Noel Kimmel, President of Ripple Prime, stated that the new business allows investors to execute total return swap transactions on U.S.-listed stocks, indices, and digital assets, serving institutional clients including hedge funds, market makers, and ETF issuers.

This move signals Ripple's further expansion from crypto asset services into traditional financial markets. Through the Delta One product, Ripple Prime aims to provide institutional investors with an integrated trading channel covering stocks, indices, and digital assets, strengthening its competitiveness at the intersection of digital assets and traditional capital markets. (Bloomberg)