Ripple Prime opened 24/7 perpetual swaps on more than 100 traditional markets to institutions on October 15, with Virtu among its clients. The swaps reference perpetual futures that Trade.xyz lists on Hyperliquid, so the weekend price they track is set on a crypto venue.
Perspective Coverage
4 publishers
- Builder
- Builder 15%
- Operator
- Operator 45%
- Investor
- Investor 40%
Reality
- Evidence50
- Adoption15
- Hype gap+25
- Incentives65
- Confidence65
DriveWealth turns to Ripple's RLUSD stablecoin to fund 24/5 US equity trading
DriveWealth, whose network powers investing for more than 100 partners, is integrating Ripple's RLUSD for European settlement, with the US planned. The announcement says partners could gain flexibility to fund outside bank-transfer hours. It does not say how many will use it.
Reality
- Evidence30
- Adoption
- Not scored
- Hype gap+25
- Incentives
- Not scored
- Confidence45
Ripple Prime's leveraged-ETF swaps earn Ripple fees that XRP holders do not share
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
- Evidence45
- Adoption35
- Hype gap0
- Incentives60
- Confidence50
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 publishers
- Builder
- Builder 22%
- Operator
- Operator 43%
- Investor
- Investor 35%
Reality
- Evidence62
- Adoption20
- Hype gap+25
- Incentives65
- Confidence68
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 publishers
- Builder
- Builder 16%
- Operator
- Operator 37%
- Investor
- Investor 47%
Reality
- Evidence55
- Adoption35
- Hype gap+30
- Incentives70
- Confidence60
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 publishers
- Builder
- Builder 15%
- Operator
- Operator 30%
- Investor
- Investor 55%
Reality
- Evidence55
- Adoption35
- Hype gap+25
- Incentives55
- Confidence60