Overview
- Ripple Prime announced integration with EDX Markets and EDXM International between May 19 and May 21, giving institutional clients unified access to spot trading and perpetual futures liquidity under one prime brokerage framework.
- The integration places Ripple Prime between trading firms and EDX venues to provide credit intermediation, net settlement, and collateral management so clients can net positions, free up capital, and consolidate margin across markets.
- Both firms say the partnership lays groundwork for Ripple USD (RLUSD) to serve as a regulated settlement and collateral asset on EDX, a development that sources describe as planned but not yet live.
- Ripple Prime’s expansion is supported by a reported $200 million debt facility from Neuberger Specialty Finance and builds on last year’s Hidden Road acquisition, which supplied the multi-asset prime brokerage infrastructure.
- For institutional users this could cut operational friction and capital drag by allowing cross-collateralization and fewer custody accounts, and it may prompt wider use of regulated stablecoins for margin and settlement across spot and derivatives venues.