KEY TAKEAWAYS
- Ripple launches digital asset spot prime brokerage in the U.S., expanding its financial offerings.
- The acquisition of Hidden Road enhances Ripple’s capabilities in OTC spot transactions and derivatives.
- Ripple Prime’s new services aim to streamline trading strategies for U.S. institutional clients.
Ripple, a financial technology company known for its crypto solutions, has announced the launch of digital asset spot prime brokerage capabilities for the United States market. This development follows the acquisition of Hidden Road, a multi-asset prime brokerage, and marks a significant expansion of Ripple’s offerings.
U.S.-based institutional clients can now execute over-the-counter (OTC) spot transactions across a variety of prominent digital assets, including XRP and RLUSD. The integration of Hidden Road’s solutions with Ripple’s existing licenses under the Ripple Prime platform enables institutions to access a comprehensive range of financial products. These include foreign exchange (FX), digital assets, derivatives, swaps, and fixed income.
Michael Higgins, International CEO of Ripple Prime, stated, “The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide U.S. institutions with a comprehensive offering to suit their trading strategies and needs.”
With the new capabilities, Ripple Prime’s U.S.-based clients can cross-margin OTC spot transactions and holdings with their broader digital asset portfolios, which include OTC swaps and CME futures and options. This integration aims to streamline trading strategies and enhance the efficiency of managing digital assets.
The acquisition of Hidden Road, completed in October 2025, has been instrumental in expanding Ripple’s prime brokerage services. The move is part of Ripple’s broader strategy to leverage its stablecoin RLUSD and cryptocurrency XRP to enhance traditional financial systems and explore new applications for digital assets.
For more information, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Ripple’s launch of digital asset spot prime brokerage capabilities in the U.S. marks a significant expansion of its services, following its acquisition of Hidden Road. This development allows U.S.-based institutional clients to execute OTC spot transactions across various digital assets.
Recent industry reports indicate that the rise of spot-quoted futures and increased institutional demand are major trends in digital asset trading. This aligns with Ripple’s expansion into the U.S. market, reflecting the growing institutional interest in digital assets and the demand for comprehensive trading solutions.
As per insights from CoinDesk, Ripple’s move positions it as the first crypto firm to own and operate a global, multi-asset prime broker. This supports the impact of Ripple’s launch by enhancing institutional liquidity and bridging digital and traditional finance.
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