According to CoinMeta, and as reported by Bloomberg, the business department Ripple Prime of the institutional prime brokers under Ripple ( prime brokerage ) has officially launched a new service, Delta One, extending its range of services to the stock trading sector for the first time. The aim is to provide institutional clients that trade across traditional finance and digital asset markets with a more diversified product portfolio. Noel Kimmel, the president of Ripple Prime, stated that this new service allows institutional investors to execute total return swaps ( total return swap TRS ) on U.S. listed stocks, stock indices, and digital assets, primarily serving institutional participants such as hedge funds, market makers, and ETF issuers.