Evolving Prime Brokerage in Digital Assets
Crypto in one minute for a guy who's generally long-winded is difficult,
but let's
give it a shot.
Hi, I'm Michael Higgins, and this is Crypto in One Minute.
How is prime brokerage evolving with digital assets?
Prime brokerage is core infrastructure in traditional assets and plays the same
role in digital assets. Prime brokers are the piping to inject credit into
the ecosystem. Prime brokers do one thing, which is provide access.
It's access to two things. It's access for institutions to trade a
number of
products across a number of liquidity destinations, and it's access to balance
sheet to trade across those in a capital and cost-efficient way.
Enter the digital asset era. Products are being created on-chain.
Real-world assets are moving on-chain.
As a result, prime brokers are being asked to give more access to
more products and
more liquidity destinations. As the market is unlocked and moved
twenty-four/seven, prime brokers need to update their
treasury management, risk
management, liquidity management, um, and that's exactly what we've been
building
at Ripple Prime, taking practicing principles from
traditional space
and applying those into the digital asset space. That's crypto in one minute.
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