Ripple Prime Enables 24/7 Real-World Asset Swaps for Institutions

Ripple Prime Brings Round-the-Clock RWA Swaps Into Institutional Trading

Ripple says its institutional prime brokerage arm, Ripple Prime, has launched support for real-world asset (RWA) perpetual swaps, giving eligible institutional clients 24/7 exposure to traditional markets including equities, commodities, and foreign exchange.

Announced on October 15, 2026, the new product set covers more than 100 reference markets spanning equities, equity indices, ETFs, metals, energy, and FX. Ripple said the instruments can be traded and settled around the clock, including weekends.

Market maker Virtu is among the first institutions named as already trading the RWA swaps. “Virtu is ramping up across emerging liquidity pools, and Ripple Prime’s 24/7 cross-margining across asset classes helps us expand our presence more efficiently as markets move toward round-the-clock access,” said Scotte Moegling, head of business development for digital assets at Virtu.

Ripple positioned the rollout as part of a broader effort to connect traditional market exposure with digital-asset trading infrastructure. “RWA swaps are where traditional and digital markets meet,” said Michael Higgins, international chief executive of Ripple Prime. Higgins added that institutions are looking for exposure to equities, commodities, and currencies “with the round-the-clock access and efficiencies of digital infrastructure.”

Ripple Prime was built following Ripple’s $1.25 billion Hidden Road deal, and Ripple has been pitching the business as a unified prime brokerage setup that can support multiple markets and venues with integrated margin and risk management. Ripple also highlighted its experience clearing trades and managing digital collateral and risk across venues on a 24/7 basis.

The launch follows Ripple Prime’s Hyperliquid integration announced earlier this year, which enabled institutional access to the venue with margin managed alongside other positions. In its latest update, Ripple said the new RWA swaps are tied to perpetual futures on Hyperliquid, with Ripple Prime acting as counterparty, and that RLUSD is accepted as collateral.

Ripple said there has been exponential growth in year-to-date trading volumes for perpetual futures contracts tied to real-world assets, and framed the new offering as meeting institutional demand for “the most in demand products and venues” within a capital-efficient prime brokerage framework.

According to Ripple, the RWA swaps offering is currently available under Ripple Prime’s CIV BVI license, with plans to expand availability from additional regions in the near term.

• What launched: RWA perpetual swaps via Ripple Prime
• What they reference: 100+ markets across equities, indices, ETFs, metals, energy, and FX
• How they trade: 24/7 trading and settlement, including weekends
• Who’s using it: Virtu is already trading the product
• Where it’s offered now: Under Ripple Prime’s CIV BVI license, with more regions planned