Ripple has expanded its institutional trading services into U.S. equities by launching a Delta One business through its Ripple Prime platform. This new offering allows institutional investors like hedge funds and asset managers to access total return swaps linked to U.S. stocks, equity indices, and digital assets, broadening Ripple's presence in traditional financial markets. The platform focuses on clearing and financing services without engaging in proprietary trading, supporting a unified access point for multiple asset classes. This move is part of Ripple's strategy to build comprehensive financial infrastructure beyond cryptocurrency, backed by strong regulatory capital and recent financing efforts.
Evernorth Holdings received SEC approval for its Form S-4 registration, enabling its merger with Armada Acquisition Corp. II and a Nasdaq listing under the ticker XRPN. The merger is expected to raise over $1 billion, making Evernorth the largest pub...
Ripple's RLUSD stablecoin crossed a $2 billion market capitalization less than two years after its December 2024 launch, with nearly half issued on the XRP Ledger and slightly more on Ethereum. The stablecoin is backed by cash reserves held under New...
