Odaily Planet Each day reviews: Ripple’s institutional brokerage service, Ripple Prime, has launched RWA perpetual swaps, providing institutional purchasers steady buying and selling throughout greater than 100 reference markets, together with particular person shares, inventory indices, ETFs, metals, power, and overseas change. The product is executed with Ripple Prime because the counterparty, with pricing based mostly on perpetual contracts listed on the decentralized derivatives platform Hyperliquid by Commerce.xyz; no possession or bodily supply of the underlying belongings is concerned. Purchasers can cross-margin these positions with different belongings on the platform, and eligible purchasers could use RLUSD as collateral. Market maker Virtu is among the many early customers. This service is presently provided beneath a license from the British Virgin Islands, with plans to increase to extra areas.
