Ripple Prime Targets U.S. Leveraged ETF Market
Ripple has introduced Ripple Prime, a federally certified custody and brokerage platform, to compete in the U.S. leveraged ETF market. The platform has partnered with Brevan Howard and earns financing fees, including an approximately 8% annualized rate tied to a Tradr 2X Long SNDK Daily ETF position. Ripple Prime already serves hundreds of financial institutions and processed about $13 trillion in transactions in 2025.
Ripple Prime is a federally certified custody and brokerage service. It has partnered with Brevan Howard, a fund manager overseeing more than $35 billion in blockchain-focused assets. The platform already supports hundreds of financial institutions and handled roughly $13 trillion in transactions during 2025.
In the U.S. leveraged ETF niche, there are 593 such funds holding over $256 billion, including 426 tied to individual stocks. These products use total-return swaps to amplify daily performance; a broker like Ripple Prime can supply swaps for financing fees, such as an approximately 8% annualized rate linked to a Tradr 2X Long SNDK Daily ETF position, while hedging by purchasing the underlying security.
Ripple Prime’s move into U.S. leveraged ETFs could affect institutional and retail investors by potentially deepening liquidity and easing trade execution. Because leveraged products magnify daily moves, greater availability may also amplify losses for less-experienced users. The platform’s crypto-native custody and brokerage role may further blur lines between digital-asset firms and traditional finance, possibly shaping how regulators and counterparties view risk. Society may see broader access to complex instruments, but the outcomes depend on disclosure, risk controls, and investor understanding.