Key Takeaways
- • Ripple has expanded into financing leveraged exchange-traded funds through Ripple Prime, its prime brokerage business formed after the acquisition of Hidden Road.
- • Ripple Prime is providing total return swaps and other financing arrangements to ETF providers and hedge funds.
- • The move extends Ripple's prime brokerage offering into the leveraged ETF swap financing segment, a market that has traditionally been served by established financing providers.
Summary
Ripple has entered the financing market for leveraged exchange-traded funds through Ripple Prime, the prime brokerage business the company formed following its acquisition of Hidden Road. According to the publisher summary, Ripple Prime is offering total return swaps and other financing arrangements to ETF providers and hedge funds. The development marks Ripple's extension of its prime brokerage platform into swap-based financing for leveraged ETF structures. Additional details on transaction sizes, counterparties, and pricing were not available in the source material.
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