{"id":14208,"date":"2026-10-08T04:43:48","date_gmt":"2026-10-08T04:43:48","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14208"},"modified":"2026-10-08T04:43:48","modified_gmt":"2026-10-08T04:43:48","slug":"ripples-tradfi-ambitions-grow-with-wall-street-financing-and-korea-deal","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14208","title":{"rendered":"Ripple\u2019s TradFi Ambitions Grow with Wall Street Financing and Korea Deal"},"content":{"rendered":"

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  • Ripple Prime has become a significant swap-financing provider to leveraged ETF issuers, challenging banks and securities firms in the US market.<\/span><\/li>\n
  • Ripple entered the business through its US$1.25 billion acquisition of Hidden Road, which was subsequently renamed Ripple Prime.<\/span><\/li>\n
  • Meritz Securities has partnered with Ripple to research custody, tokenisation, digital-asset ETFs, stablecoins and other infrastructure in South Korea.<\/span><\/li>\n
  • XRP fell more than 5% to around US$1.42 despite the announcements, broadly tracking weakness across the wider crypto market.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Ripple is pushing deeper into TradFi territory, with leveraged ETF financing in the US and a partnership with Meritz Securities in South Korea.<\/p>\n

    According to a report in the Wall Street Journal<\/em>, Ripple Prime has become a significant provider of swap financing to leveraged ETF issuers, a field traditionally dominated by banks and securities firms.<\/p>\n

    Leveraged ETFs use derivatives such as total-return swaps to amplify the daily move of an underlying stock or index, typically targeting two or three times the daily return.<\/p>\n

    The WSJ cited Morningstar Direct data showing that 593 leveraged ETFs have more than US$256 billion (AU$368 billion) in assets under management, including 426 single-stock leveraged funds.\u00a0<\/p>\n

    Ripple entered the business through its US$1.25 billion (AU$1.79 billion) acquisition of Hidden Road, which was later renamed Ripple Prime. The company has also announced a deal with Brevan Howard to provide prime brokerage, clearing and financing services.<\/p>\n

    Noel Kimmel, president of Ripple Prime, said the unit is \u201cdefinitely a growing and meaningful part of our business\u201d.<\/p>\n

    Read more:<\/strong> ZachXBT Says He Infiltrated Chinese Laundering Network Tied to Lazarus<\/strong><\/p>\n

    According to the WSJ, Ripple and other non-bank firms are benefiting from fewer constraints than traditional banks and are gaining ground in the rapidly expanding leveraged ETF market.<\/p>\n

    Ripple earns financing fees by acting as a swap counterparty while hedging its exposure. The WSJ highlighted one fund whose financing terms with Ripple amounted to roughly 8% annualised at the time, illustrating why the business can be lucrative.<\/p>\n

    The South Korean Partnership<\/h2>\n

    Meanwhile, in South Korea, Meritz Securities announced on 7 October that it had signed a strategic partnership with Ripple six days earlier at its Seoul headquarters.<\/p>\n

    The agreement includes research into custody and tokenisation infrastructure in South Korea.<\/p>\n

    Meritz Securities is reportedly exploring \u201cspot exchange-traded funds for digital assets, fractional investment products, security token offerings, digital asset trading platforms and won-denominated stablecoins\u201d, according to the Seoul Economic Daily<\/em>.<\/p>\n

    Read also:<\/strong> OpenAI Executive Apologises Over Botched Handling of Australian Data Incidents<\/strong><\/p>\n

    The price of XRP hasn\u2019t responded favourably to the news. The fifth-largest crypto asset is down more than 5% on the daily chart, broadly in line with the wider crypto market, whose total market capitalisation fell 2.75%.<\/p>\n

    At the time of writing, XRP is trading at US$1.42 (AU$2.04), according to data from CoinMarketCap.<\/p>\n<\/p><\/div>\n

    ETF,Ripple,South Korea#Ripples #TradFi #Ambitions #Grow #Wall #Street #Financing #Korea #Deal1791434628<\/p>\n","protected":false},"excerpt":{"rendered":"

    Ripple Prime has become a significant swap-financing provider to leveraged ETF issuers, challenging banks and securities firms in the US market. Ripple entered the business through its US$1.25 billion acquisition of Hidden Road, which was subsequently renamed Ripple Prime. Meritz Securities has partnered with Ripple to research custody, tokenisation, digital-asset ETFs, stablecoins and other infrastructure<\/p>\n","protected":false},"author":1,"featured_media":14209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[90,431,4306,4291,1161,1041,1359,1423,1080],"class_list":["post-14208","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-ambitions","tag-deal","tag-financing","tag-grow","tag-korea","tag-ripples","tag-street","tag-tradfi","tag-wall"],"yoast_head":"\nRipple\u2019s TradFi Ambitions Grow with Wall Street Financing and Korea Deal - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14208\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple\u2019s TradFi Ambitions Grow with Wall Street Financing and Korea Deal\" \/>\n<meta property=\"og:description\" content=\"Ripple Prime has become a significant swap-financing provider to leveraged ETF issuers, challenging banks and securities firms in the US market. 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