Ripple enters leveraged stock financing via its acquisition of Hidden Road, and begins earning Wall Street-style brokerage fees.
50 minutes ago
Ripple is providing financing for leveraged equity ETFs via its subsidiary Ripple Prime, earning financing fees from related transactions as it enters a business segment long dominated by large Wall Street banks and securities firms. Ripple acquired multi-asset prime broker Hidden Road for $1.25 billion in 2025, gaining capabilities in trade clearing, financing investment positions, and handling transactions in stocks, bonds, foreign exchange, and digital assets. Now, Ripple Prime is offering funds leveraged exposure to stocks and indices through Total Return Swaps, allowing funds to amplify the daily price movements of individual stocks like NVIDIA and SanDisk, while Ripple collects financing fees from these deals. For example, the Tradr 2X Long SNDK Daily ETF pays Ripple an overnight bank financing rate plus 4 percentage points; at current rates, the annualized financing cost is roughly 8%. There are currently 593 leveraged ETFs in the U.S. market, with assets under management exceeding $256 billion. CoinDesk points out that as bank capital and risk regulatory requirements tighten, non-bank institutions including Ripple Prime, Jane Street, and Clear Street are gaining more opportunities to enter this market.
Google launches cross-vendor AI watermark detection, enabling checks for ChatGPT-generated images too.
8 minutes ago
American Bitcoin will release its third-quarter financial results after the U.S. stock market closes on November 4.
8 minutes ago
Moscow Exchange plans to offer cryptocurrency trading services starting December 1.
8 minutes ago
Liquid AI has open-sourced the weights of two small decision-making models: the 3B parameter version delivers answers in 8 milliseconds.
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ZEC briefly fell below $1,200, logging a 7.73% drop in the past 24 hours.
8 minutes ago
American Bitcoin will release its third quarter earnings report after the U.S. stock market closes on November 4.
8 minutes ago
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