Ripple announced the completion of the Hidden Road acquisition, officially changing the name of the global non-bank prime broker to Ripple Prime. This is a historic moment for the company as it makes it the first cryptocurrency company to own and operate a global multi-asset brokerage platform.
The acquisition is also an significant record that significantly expands Ripple’s institutional presence and beyond improves the XRP Ledger ecosystem through recent integrations and usability for the company’s stablecoin, RLUSD.
Ripple Prime Acquisition to Raise XRP Ledger
IN recent post regarding on social media platform X, Ripple announced that it has completed the acquisition of Hidden Road. The company’s acquisition of Hidden Road positions it as a pioneer in combining time-honored finance with digital assets at scale.
Hidden Road is one of the fastest growing prime brokers in the world. The company offers a range of institutional services such as settlement, financing and brokerage in foreign exchange, digital assets, derivatives, swaps and fixed income. Now that the rebranding to Ripple Prime is complete, the recent name embodies the payments company’s strategy of building a foundation for institutional adoption of digital assets.
One of the most significant results of the launch of Ripple Prime is its impact on adoption and usability Ripple stablecoin, RLUSD. According to the company’s news post on your website, RLUSD is currently actively used as a hedge for several prime brokerage products. Derivatives clients have started holding their balances in RLUSD and this value is expected to continue to grow with institutional confidence.
Ripple emphasized that RLUSD’s regulatory compliance and governance framework made it one of the most trusted stablecoins on the market. Earlier this year, Bluechip rated RLUSD as the number one stablecoin for stability, governance and asset security, giving it an A rating.
The company further strengthened its institutional credibility by appointing Bank of Recent York Mellon (BNY Mellon) as the primary custodian of RLUSD reserves. At the time of writing, RLUSD is the 12th largest stablecoin by market capitalization, with a market cap of $902 million and currently approaching the billion-dollar mark.
The company’s expanding institutional reach and future prospects
Ripple Prime is part of it company expansion strategy to capture significant share in the global financial market. The company’s acquisition of Hidden Road will be its fifth in two years. The acquisition trend began with the purchase of Metaco in May 2023, followed by the purchase of Standard Custody in June 2024.
Since then, the payments company has continued to strengthen its institutional offering through acquisitions such as Rail in August 2025 and GTreaury last week. Each acquisition was made strategically improve the position of Ripple and XRP as a leading provider of enterprise-class blockchain solutions.
“As we continue to build solutions to enable the Internet of Value, I remind you all that XRP is at the heart of everything Ripple does.” CEO Brad Garlinghouse – he said in a post on X.
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