Ripple has finished its $1.25 billion purchase of Hidden Road and rebranded the firm as Ripple Prime, company leaders confirmed. According to executive remarks, the deal makes Ripple the first crypto company to own and run a global, multi-asset prime broker.<\/p>\n
Ripple<\/a> President Monica Long said on X that the \u201cfuture ahead is mighty bright,\u201d and reports show the company is already moving to use XRP in new ways inside the prime brokerage business.<\/p>\n Based on reports, Ripple Prime began life on Hidden Road\u2019s backbone, a platform known for fast growth among non-bank prime brokers. Since Ripple announced the acquisition<\/a> in April, business at the unit has tripled in size.<\/p>\n Ripple Prime will offer services such as clearing, financing, and prime brokerage across asset classes, including FX, derivatives, swaps, and digital assets. Hidden Road\u2019s founder, Marc Asch, will remain involved and work with CEO Brad Garlinghouse and other leaders as integration continues.<\/p>\n The opportunities now available to Ripple Prime (fka Hidden Road) are expansive. With $RLUSD<\/a> already being used as collateral for a number of prime brokerage products, and Ripple Prime looking at a variety of ways to utilize XRP, the future ahead is mighty bright. https:\/\/t.co\/YFSUQlyeOO<\/a><\/p>\n \u2014 Monica Long (@MonicaLongSF) October 24, 2025<\/a><\/p>\n RLUSD, Ripple\u2019s institutional stablecoin, is already being used as collateral across several prime brokerage products. According to company statements, some derivatives clients have chosen to hold balances in RLUSD rather than other currencies.<\/p>\n Reports also note that BNY Mellon acts as the primary reserve custodian for RLUSD<\/a>. Blockchain analytics firm Bluechip gave RLUSD an A rating for stability, governance, and asset backing, a ranking Ripple cites as evidence of institutional trust.<\/p>\n Ripple\u2019s Acquisition Push Strengthens Infrastructure<\/p>\n Ripple has completed five major acquisitions in roughly two years, adding Metaco, Standard Custody, Rail, and GTreasury<\/a> to its growing list of companies now working under its umbrella.<\/p>\n The moves aim to expand custody, payments, liquidity, and treasury capabilities. Based on company comments, Ripple sees these buys as steps toward offering institutions a broader set of services tied to digital assets and traditional markets.<\/p>\n Prime Brokerage Ambitions Grow<\/p>\n Ripple has said it will use blockchain tools to streamline operations at Ripple Prime and reduce costs. According to executive remarks, the plan is to mesh payments, custody solutions, and stablecoin utility with prime brokerage functions to increase adoption among institutional clients.<\/p>\n With today\u2019s close of Hidden Road (now Ripple Prime), Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions towards enabling an Internet of Value \u2013 I\u2019m reminding you\u2026 https:\/\/t.co\/O5Uub7ulw9<\/a><\/p>\nRipple Completes Hidden Road Deal<\/h2>\n
RLUSD Gains Institutional Footing<\/h2>\n