Ripple Prime has introduced a new service enabling institutional clients to execute and settle swaps for Real World Assets (RWA) around the clock. The platform supports trading against more than 100 reference markets, providing continuous cross-margining capabilities across multiple asset classes.
The initiative utilizes a partnership with Trade.xyz on the Hyperliquid platform. This launch signifies a strategic expansion for Ripple Prime into the crypto-derivatives sector, a market that has recently experienced significant growth with open interest in RWA perpetual contracts reaching approximately $9 billion.
