Ripple has rolled out digital asset spot prime brokerage capabilities in the US market.
The new launch follows an announcement in late October that it had officially acquired the non-bank prime broker Hidden Road.
Ripple combined Hidden Road’s services into its financial platform Ripple Prime, which aims to give institutions access to clearing, financing and trading in FX, digital assets, derivatives, swaps, and fixed income, all under one roof.
Ripple says its Prime clients in the US can now cross-margin over-the-counter (OTC) spot transactions and holdings with the rest of their digital asset portfolios.
The payments firm first announced its intent to acquire Hidden Road in April, and it said last month that Ripple Prime’s business has surged by 3x since that initial announcement.
Ripple also says its institutional platform will expand the reach of its stablecoin, RLUSD, by using the asset as collateral for prime brokerage products. The financial services giant BNY Mellon is poised to become the stablecoin’s primary reserve custodian.
The Hidden Road acquisition marks Ripple’s fifth major buy in two years, including GTreasury for treasury management last week, Rail’s $200 million stablecoin payments platform in August 2025, Standard Custody in June 2024 and the digital asset custody infrastructure firm Metaco in May 2023.
Follow us on X, Facebook and TelegramGenerated Image: Midjourney