Ripple Prime launches 24/7 RWA swaps for institutional clients

Photo: David Yu / Pexels Ripple Prime has announced a new offering that allows institutional clients to access and settle Real World Asset (RWA) swaps against over 100 reference markets. This initiative provides 24/7 cross-margining across various asset classes, leveraging its partnership with Trade.xyz on Hyperliquid. The development marks a significant step in Ripple Prime’s expansion into the crypto-derivatives segment, which has seen substantial growth, with RWA perpetual-contract open interest surging to approximately $9 billion. Market participants appear to interpret this move as consistent with increased utility for XRP, potentially influencing its price trajectory. Key Takeaways Ripple Prime’s move suggests increased engagement in the crypto-derivatives market, now offering 24/7 RWA swaps. Market sentiment appears consistent with a potential positive impact on XRP’s utility and adoption. Despite the potential implications, the impact is moderated by the source’s Tier 3 status on social media. What to Watch Observers should monitor reactions from key industry players such as Brad Garlinghouse, BlackRock, and Grayscale, which could provide further insights into the strategic...