Ripple Prime’s RWA perpetual swaps: Ripple says institutional clients can trade and settle swaps against 100+ reference markets, with 24/7 access, cross-margining, and RLUSD collateral. Ripple’s announcement
Ripple lists equities, equity indices, ETFs, metals, energy, and foreign exchange as the reference markets. The announcement says the swaps reference Trade.xyz perpetual futures on Hyperliquid, with Ripple Prime acting as principal.
Ripple says positions can be cross-margined with other asset classes it supports, under one counterparty relationship and centralized risk management. It names Virtu as a client using the service.
The offering is currently available through Ripple Prime’s CIV BVI license; Ripple says it intends to expand to other regions but gives no timeline. RLUSD availability may vary by jurisdiction.
The announcement does not specify a market-by-market schedule, list the 100+ references, or publish contract, margin, or detailed collateral terms.