Ripple has formally launched a digital asset spot prime brokerage service for U.S. institutional clients, marking one of the first domestic expansions of Ripple Prime.
The new platform will support OTC spot trading across leading cryptocurrencies, including XRP and Ripple’s RLUSD stablecoin. This move follows the company’s $1.25 billion acquisition of multi-asset broker Hidden Road, finalized last month.
Ripple has now merged regulatory licenses and technology with Hidden Road’s infrastructure to provide unified clearing, trade execution, and financing across digital assets, foreign exchange, fixed income, and derivatives.
Ripple says the offering allows institutional users to cross-margin spot crypto positions alongside CME-listed crypto futures and options, blending traditional markets and blockchain assets within a single operational framework.
The launch further accelerates Ripple’s 2025 growth drive. Alongside Hidden Road, Ripple recently purchased GTreasury for $1 billion, enhancing its enterprise liquidity and payments suite. With these moves, Ripple is positioning itself as a full-stack institutional provider ahead of expected U.S. crypto-market expansion.
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