Ripple Prime, the global multi-asset prime brokerage platform, has integrated with EDX Markets and EDXM International to expand institutional access to digital asset trading. The partnership gives Ripple Prime clients exposure to EDX’s spot markets and EDXM International’s perpetual futures liquidity through a unified prime brokerage framework, supporting capital efficiency, credit intermediation, net settlement, and collateral management.
The integration aims to reduce operational complexity by consolidating fragmented markets and counterparties. Michael Higgins, International CEO of Ripple Prime, emphasized that the move aligns with the company’s strategy of connecting traditional and digital markets through reliable infrastructure. Tony Acuña-Rohter, CEO of EDX Markets, noted that institutions increasingly seek market infrastructure blending traditional finance standards with digital asset efficiency.
A major component of the partnership is the planned integration of RLUSD, Ripple’s U.S. dollar-backed stablecoin, as a settlement and collateral asset on EDX. Once implemented, RLUSD would allow institutional clients to deposit and withdraw margin in a regulated, dollar-pegged digital asset, improving cross-collateralization and margin efficiency across spot and perpetual futures trading. This step reinforces the growing role of stablecoins in institutional settlement and collateral management.
Ripple Prime has also expanded its financing capacity, securing a $200 million debt facility from Neuberger Specialty Finance to scale margin financing and prime brokerage services. Additionally, XRP has been integrated as eligible collateral alongside Bitcoin and Ethereum within traditional finance structures, tying digital assets to established market tools. Ripple further highlighted pilot programs using the XRP Ledger for tokenized asset settlement with transactions completing in under five seconds, underscoring the company’s push toward multi-asset prime brokerage services.
