Ripple opened a Wall Street equities desk and XRP is barely in the announcement

Ripple Prime launched a Delta One desk on Aug. 27 that lets hedge funds trade Apple, the S&P 500, and U.S. Treasuries through total return swaps without owning a single share. The collateral documents lean on RLUSD, the company’s dollar stablecoin that just crossed $2 billion in market cap. XRP, the token that put Ripple on the map, appears exactly once in the press release. Summary Ripple Prime’s Delta One business offers total return swaps across U.S. equities, indices, and digital assets, backed by more than $1 billion in regulatory net capital and a fresh $275 million note issuance. RLUSD crossed $2 billion in total supply in late August, with more than $1 billion issued on the XRP Ledger alone, representing 82% of all stablecoin activity on the network. XRP spot ETFs recorded $110.49 million in net inflows during the week ending Aug. 28, the strongest weekly haul of 2026, pushing cumulative flows past $1.66 billion. A maintenance amendment hardening the XRP Ledger’s lending protocol, AMMs, and single asset vaults could activate on Sept. 11 after clearing 82.86% validator consensus. XRP rallied 37% in August, its best month since the SEC settlement, yet the token still trad...