Ripple enters leveraged ETF financing market to challenge Wall Street banks
Image: Crypto.newsRipple's institutional brokerage arm Ripple Prime is financing leveraged exchange-traded funds through total return swap arrangements previously dominated by major Wall Street banks. The firm completed its $1.25 billion acquisition of Hidden Road in October 2025, rebranding the unit as Ripple Prime. Ripple Prime raised $275 million in August 2026 to support U.S. brokerage operations, with total financing access reaching $475 million. It also expanded its partnership with alternative asset manager Brevan Howard, which holds roughly $35 billion in assets under management.
Key points
- Ripple Prime finances leveraged ETFs via total return swaps, a service previously dominated by Wall Street banks.
- Ripple expanded its partnership with Brevan Howard, an alternative asset manager with roughly $35 billion in assets under management.
Why it matters
This marks a crypto firm entering a traditional finance segment long controlled by large banks, expanding institutional crypto integration. Ripple's moves also grow its institutional prime brokerage footprint across traditional and digital assets.
Sources · 2 publishers
Crypto.news
Tier 2
Ripple challenges Wall Street banks with leveraged ETF financing push
Coverage timeline
- First reported by U.Today
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
