Ripple, through its brokerage service Ripple Prime (formerly Hidden Road), allows institutional clients to trade swap contracts in over 100 markets, including equities, commodities, and currencies, 24/7, using Ripple's USD-pegged stablecoin RLUSD as collateral. However, Daragh Maher, Head of Digital Assets Research at HSBC, warned that despite being a rapidly growing market, its size remains small compared to traditional financial markets, and weak liquidity could limit capital inflows. He noted that the product would only play a stronger role if it offered sufficient depth for investors to express views and adjust risk when regular markets are closed. The article mentioned that on Saturday, October 17, nearly $52 million worth of chip stock leveraged positions on Hyperliquid were liquidated within 10 minutes, highlighting the risks in emerging markets. Trading firm Virtu is already using the service.