Virtu Financial Trades Ripple Prime Swaps Linked to 100+ Global Markets

Key Facts

1Virtu traded Ripple Prime swap contracts referencing Trade.xyz perpetual futures on Hyperliquid.

2Ripple USD (RLUSD) can be used as collateral for these contracts, subject to jurisdictional availability.

Virtu Financial traded Ripple Prime swap contracts referencing Trade.xyz perpetual futures on the Hyperliquid platform. TokenPost reported that these swaps are linked to more than 100 markets, including equities, metals, energy, and foreign exchange, with Ripple Prime acting as the principal to clients in these transactions.

Ripple USD (RLUSD) can be used as collateral for these contracts, subject to jurisdictional availability. This expansion of institutional derivatives allows clients to access on-chain perpetual liquidity and cross-margin exposures across various asset classes, with trading and settlement operating seven days a week.