Ripple Prime: How The Company Just Set A Major Record That Boosts The XRP Ledger

Ripple has announced the completion of its acquisition of Hidden Road, officially rebranding the global non-bank prime broker as Ripple ￰0￱ is a historic moment for the company, as it makes the payment firm the first crypto-based company to own and operate a global, multi-asset prime brokerage ￰1￱ acquisition is also a major record that significantly expands Ripple’s institutional presence and further improves the XRP Ledger’s ecosystem through new integrations and utility for the company’s stablecoin, ￰2￱ Prime Acquisition To Boost The XRP Ledger In a recent post on the social media platform X, Ripple announced that it has completed the acquisition of Hidden ￰3￱ company’s acquisition of Hidden Road positions it as a pioneer in combining traditional finance with digital assets at ￰4￱ Road is one of the fastest-growing prime brokers in the ￰5￱ company offers a range of institutional services such as clearing, financing, and brokerage across foreign exchange, digital assets, derivatives, swaps, and fixed ￰6￱ that the rebranding to Ripple Prime is complete, the new name embodies the payment firm’s strategy to build the foundation for institutional digital asset ￰7￱ of the most significant outcomes of Ripple Prime’s launch is its impact on the adoption and utility of Ripple’s stablecoin, ￰8￱ to the company’s announcement post on its website, RLUSD is now being actively used as collateral for several prime brokerage ￰9￱ clients have begun holding their balances in RLUSD, and this is expected to keep growing with institutional ￰10￱ emphasized that RLUSD’s regulatory compliance and governance framework have made it one of the most trusted stablecoins in the ￰11￱ this year, Bluechip rated RLUSD as the number one stablecoin for stability, governance, and asset backing, assigning it an A ￰12￱ firm further reinforced its institutional credibility by appointing The Bank of New York Mellon (BNY Mellon) as RLUSD’s primary reserve ￰13￱ the time of writing, RLUSD is the 12th biggest stablecoin in market cap, with a $902 million market cap, now inching towards the billion-dollar ￰14￱ Firm’s Expanding Institutional Footprint And Future Outlook Ripple Prime is part of the company’s expansion strategy to capture a notable share of the global financial ￰15￱ company’s acquisition of Hidden Road makes it its fifth acquisition in two ￰16￱ acquisition trend started with the purchase of Metaco in May 2023, and then the purchase of Standard Custody in June ￰17￱ then, the payment firm has continued to strengthen its institutional offerings with acquisitions like Rail in August 2025 and GTreasury just last ￰18￱ acquisition has been strategically done in order to upgrade Ripple and XRP’s position as the leading provider of enterprise-grade blockchain solutions.

“As we continue to build solutions towards enabling an Internet of Value – I’m reminding you all that XRP sits at the center of everything Ripple does.” CEO Brad Garlinghouse said in a post on X.