Ripple's Ripple Prime launches traditional asset perpetual contract trading services for institutional clients.

PANews October 15 news, according to Bloomberg, Ripple's prime brokerage division Ripple Prime is launching perpetual contracts linked to real-world assets (RWA) for institutional clients, covering more than 100 reference markets including stocks, indices, ETFs, and commodities. It is reported that the service is provided through Trade.xyz and supports a cross-margin mechanism, allowing clients to share account funds across multiple positions to improve capital efficiency.