Ripple says institutional clients can access EDX Markets spot and perpetual futures liquidity through Ripple Prime, while XRP is being used as collateral via Kiosk and RLUSD is planned for settlement and collateral functions.
Ripple-related updates indicate a broader institutional market-infrastructure push across trading, collateral, and settlement. Ripple announced that Ripple Prime, its prime brokerage platform, has integrated with EDX Markets, giving institutional clients access to the venue’s spot and perpetual futures liquidity. Separately, commentator Eri said Kiosk, linked to Ripple’s reported $150 million investment in LMAX, enables institutions to manage multi-asset collateral across foreign exchange, crypto, metals, and derivatives, and now supports XRP as institutional collateral. Ripple also said RLUSD is planned for future settlement and collateral use, while the earlier source suggested RLUSD has a settlement role but did not provide complete details.