Ripple (XRP) Makes Major Wall Street Push With New Institutional Trading Business
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Ripple, the company behind XRP, launched Ripple Prime, a new institutional trading business announced Thursday to let hedge funds, asset managers and other institutional clients execute Total Return Swaps (TRS). Ripple Prime offers TRS across US-listed equities, indices and digital assets, signaling crypto adoption and institutionalization that could expand market access for digital asset desks and strengthen Ripple's move beyond payments.
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The company behind XRP has made another move geared toward Wall Street and beyond its cryptocurrency roots by launching a new institutional trading business with Ripple Prime.
The new initiative, announced earlier on Thursday, will allow hedge funds, asset managers, and other institutional clients to execute Total Return Swaps (TRS) across US-listed equities, indices, and digital assets.
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