Ripple Officially Rolls Out New Digital Asset Prime Brokerage in the US Following Hidden Road Acquisition

Bitget App

Trade smarter

Bitget

News

Daily Hodl2025/11/02 16:00

By:by Conor Devitt

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.

Generated Image: Midjourney

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

The US government shutdown has entered its 36th day, leading to a decline in global financial markets. The shutdown has prevented funds from being released from the Treasury General Account (TGA), draining market liquidity and triggering a liquidity crisis. Interbank lending rates have soared, while default rates on commercial real estate and auto loans have risen, increasing systemic risk. The market is divided over future trends: pessimists believe the liquidity shock will persist, while optimists expect a liquidity release after the shutdown ends. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model is updated.

MarsBit•2025/11/06 05:03