Ripple Launches Digital Asset Spot Prime Brokerage in U.S. Following Hidden Road Acquisition

Ripple has announced that it is expanding its institutional footprint in the ￰1￱ the launch of digital asset spot prime brokerage ￰2￱ Prime breaks ground in the US today with the launch of digital asset spot prime brokerage capabilities – allowing clients to execute OTC spot transactions across the most prominent digital assets and stablecoins, including $XRP and $RLUSD . ￰0￱ — Ripple (@Ripple) November 3, 2025 The move follows Ripple’s acquisition of the multi-asset prime brokerage firm Hidden Road, which has now been rebranded as Ripple Prime, integrating both companies’ regulatory and operational frameworks to create a comprehensive institutional trading ￰3￱ Ripple’s Institutional Footprint With the closing of the Hidden Road acquisition in October 2025, Ripple said it has taken a decisive step toward becoming a one-stop shop for institutional clients engaging with digital ￰4￱ Prime will now provide U.

S.-based institutions with access to over-the-counter (OTC) spot execution across dozens of leading cryptocurrencies, including XRP and Ripple’s U. S. dollar-backed stablecoin, ￰5￱ platform’s infrastructure combines Ripple’s blockchain expertise with Hidden Road’s established prime brokerage capabilities, covering asset classes such as foreign exchange (FX), digital assets, derivatives, swaps, and fixed ￰6￱ integration provides institutional investors with the ability to execute complex trading strategies efficiently within a regulated ￰7￱ and Cross-Margin Capabilities Ripple Prime’s OTC spot functionality enhances its suite of institutional products, allowing clients to cross-margin their holdings and trades across multiple digital asset instruments.

U. S.-based clients can now manage OTC spot, swaps, and CME futures and options positions within a single account ￰8￱ Higgins, international CEO of Ripple Prime, said the development is part of the company’s strategy to deliver end-to-end institutional infrastructure: “The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide ￰9￱ with a comprehensive offering to suit their trading strategies and needs,” said ￰10￱ prime brokerage model addresses one of the key institutional challenges in crypto—fragmented liquidity and collateral inefficiency—by integrating spot and derivative markets under Ripple’s ￰11￱ Institutional-Grade Solutions to Digital Assets Ripple’s entry into ￰12￱ brokerage marks a milestone moment in the maturation of the crypto ￰13￱ move aligns with the growing demand among financial institutions for regulated, transparent, and efficient digital asset ￰14￱ Prime’s infrastructure builds on the company’s broader ecosystem, which includes Ripple Payments, a blockchain-based cross-border payment network, and Ripple Custody, a secure asset storage solution for institutional ￰15￱ are designed to use Ripple’s technologies, including XRP and RLUSD, to enhance liquidity, settlement efficiency, and compliance.

Ripple’s Broader Mission in Financial Innovation Founded in 2012, Ripple continues to position itself at the intersection of traditional finance and blockchain ￰16￱ Ripple Prime’s expansion into spot trading, the company now offers a full suite of institutional-grade solutions—from payments and custody to multi-asset trading and ￰17￱ combining blockchain transparency with established financial frameworks, Ripple seeks to make digital asset markets as accessible and efficient as traditional capital markets, reinforcing its vision of a more connected, open financial ￰18￱ Marks Milestone With $1B Market Cap Ripple reports that its U. S. dollar-backed stablecoin RLUSD has reached a $1 billion market cap just one year after launch, positioning RLUSD as one of the most trusted and transparent stablecoins for institutional ￰19￱ 1:1 by USD reserves, RLUSD has rapidly gained traction among enterprise users seeking compliant, efficient settlement options.

RLUSD: One Year, One Billion → $1B+ Market Cap → 1:1 USD-backed → The #1 trusted and transparent stablecoin for institutions With Ripple Prime, GTreasury, and Rail now joining the effort, $RLUSD and $XRP will drive faster, efficient and compliant settlement ￰20￱ is… ￰21￱ — Ripple (@Ripple) November 3, 2025 With Ripple Prime, GTreasury, and Rail now integrated into Ripple’s ecosystem, both $RLUSD and $XRP are driving faster, more compliant, and more scalable settlement solutions across global ￰22￱ says this collaboration supports its mission to advance the future of finance through innovation, transparency, and institutional-grade infrastructure.