Ripple introduces its U.S. prime brokerage service, offering institutional investors OTC trading in XRP and RLUSD as part of its expanded digital asset suite.
Ripple announced the launch of its U.S. prime brokerage service on November 3, enabling institutional clients to trade assets such as XRP and RLUSD through OTC transactions. The initiative expands Ripple’s offerings for U.S.-based institutional investors, building on previous enhancements to Ripple Prime, which also supports derivatives, swaps, and futures trading with cross-margining capabilities. According to Ripple’s official announcement, this service complements Ripple Payments and Ripple Custody, reinforcing its role in providing liquidity and settlement solutions for institutional digital asset trading.