Ripple Prime: How The Company Just Set A Major Record That Boosts The XRP Ledger
Ripple has introduced the completion of its acquisition of Hidden Road, formally rebranding the worldwide non-bank prime dealer as Ripple Prime. This is a historic second for the corporate, because it makes the fee agency the primary crypto-based firm to personal and function a world, multi-asset prime brokerage platform.
The acquisition can be a serious file that considerably expands Ripple’s institutional presence and additional improves the XRP Ledger’s ecosystem by new integrations and utility for the corporate’s stablecoin, RLUSD.
Ripple Prime Acquisition To Boost The XRP Ledger
In a recent post on the social media platform X, Ripple introduced that it has accomplished the acquisition of Hidden Road. The firm’s acquisition of Hidden Road positions it as a pioneer in combining conventional finance with digital belongings at scale.
Hidden Road is without doubt one of the fastest-growing prime brokers on the earth. The firm gives a spread of institutional providers akin to clearing, financing, and brokerage throughout overseas alternate, digital belongings, derivatives, swaps, and glued revenue. Now that the rebranding to Ripple Prime is full, the brand new identify embodies the fee agency’s technique to construct the muse for institutional digital asset adoption.
One of essentially the most important outcomes of Ripple Prime’s launch is its impression on the adoption and utility of Ripple’s stablecoin, RLUSD. According to the corporate’s announcement publish on its website, RLUSD is now being actively used as collateral for a number of prime brokerage merchandise. Derivatives shoppers have begun holding their balances in RLUSD, and that is anticipated to continue to grow with institutional confidence.
Ripple emphasised that RLUSD’s regulatory compliance and governance framework have made it one of the vital trusted stablecoins out there. Earlier this 12 months, Bluechip rated RLUSD because the primary stablecoin for stability, governance, and asset backing, assigning it an A grade.
The agency additional strengthened its institutional credibility by appointing The Bank of New York Mellon (BNY Mellon) as RLUSD’s main reserve custodian. At the time of writing, RLUSD is the twelfth greatest stablecoin in market cap, with a $902 million market cap, now inching in direction of the billion-dollar mark.
The Firm’s Expanding Institutional Footprint And Future Outlook
Ripple Prime is a part of the company’s expansion strategy to capture a notable share of the worldwide monetary market. The firm’s acquisition of Hidden Road makes it its fifth acquisition in two years. The acquisition pattern began with the acquisition of Metaco in May 2023, after which the acquisition of Standard Custody in June 2024.
Since then, the fee agency has continued to strengthen its institutional choices with acquisitions like Rail in August 2025 and GTreasury just last week. Each acquisition has been strategically finished in an effort to upgrade Ripple and XRP’s position because the main supplier of enterprise-grade blockchain options.
“As we proceed to construct options in direction of enabling an Internet of Value – I’m reminding you all that XRP sits on the middle of every little thing Ripple does.” CEO Brad Garlinghouse said in a post on X.
