Ripple Prime has begun providing funds with leveraged exposure to equities and indexes through Total Return Swaps and charging financing fees. This business stems from the prime brokerage and financing capabilities Ripple gained after acquiring Hidden Road.
Ripple is providing financing through Ripple Prime for leveraged positions in individual stocks such as Nvidia and SanDisk, as well as major indices,ETF and charging financing fees through total return swaps. The scale and revenue of this business have not been disclosed.
