Ripple has rolled out spot prime brokerage capabilities for crypto assets such as XRP and RLUSD in the United States.
The move will allow clients to trade over-the-counter (OTC) spot markets across top cryptocurrencies, including XRP and RLUSD, Ripple’s stablecoin. The launch represents an important step in Ripple’s push to give institutions easier access to digital assets.
This <a href="https://ripple.com/ripple-press/ripple-launches-digital-asset-spot-prime-brokerage-for-the-united-states-market/" rel="noopener noreferrer nofollow">rollout</a> follows Ripple’s $1.25 billion purchase of Hidden Road, a global multi-asset prime brokerage that now operates under the Ripple Prime name. Ripple finalized the deal in October 2025 after months of integration work.
<a href="https://thecryptobasic.com/2025/05/14/no-xrp-as-ripple-to-use-rlusd-in-hidden-road-deal-for-300-financial-institutions/" rel="noopener noreferrer nofollow">Hidden Road</a> handled over $3 trillion in annual transactions for more than 300 institutions before the acquisition. Since then, Ripple has injected billions in fresh capital and tripled the size of the business, making it a global prime brokerage platform under the Ripple brand.
<h2 id="header-0">Ripple Prime Now Offering Full Brokerage and Financing Services</h2>
As a result of the latest development, Ripple Prime now offers a full range of brokerage, clearing, and financing services, supporting all major digital asset types in the U.S. market. Institutions can execute OTC spot trades across leading digital assets and access traditional markets like foreign exchange, swaps, fixed income, and derivatives.
Ripple said the new OTC spot service bolsters its existing derivatives and OTC offerings for institutions. Michael Higgins, International CEO of Ripple Prime, explained that the expansion gives U.S. clients a larger suite of tools to manage their trading strategies across different asset classes in one place.
Ripple Prime will also introduce cross-margining, a feature that allows institutions to manage OTC spot positions alongside their other holdings, such as swaps, CME futures, and options
Since completing the acquisition, <a href="https://thecryptobasic.com/2025/04/21/ripple-director-confirms-xrp-ledger-will-power-post-trade-infrastructure-for-all-hidden-road-prime-brokerage-services/" rel="noopener noreferrer nofollow">Ripple has started moving</a> post-trade operations to the XRP Ledger to take advantage of its near-instant settlement times. This helps Ripple Prime deliver faster trades, more transparency, and smoother operations. The company also made RLUSD eligible as collateral for derivatives and cross-margining.
<h2 id="header-1">Ripple’s Acquisition Strategy</h2>
The Hidden Road acquisition fits into Ripple’s larger expansion plan, which has ramped up since 2024. Last June, <a href="https://thecryptobasic.com/2024/06/11/ripple-hires-new-svp-for-stablecoin-launch-amid-standard-custody-acquisition/" rel="noopener noreferrer nofollow">Ripple acquired Standard Custody &amp; Trust Company</a>, a U.S.-based crypto custodian, for an undisclosed fee.
In August 2025, <a href="https://thecryptobasic.com/2025/08/07/ripple-acquires-rail-for-200m-gaining-10-of-global-stablecoin-payment-flow/" rel="noopener noreferrer nofollow">Ripple agreed to buy Rail</a>, a Toronto-based stablecoin payments firm, for $200 million. Rail currently processes more than 10% of the $36 billion in B2B stablecoin transactions this year.
Ripple also recently announced plans to purchase GTreasury, a treasury management software provider that serves Fortune 500 companies, in a $1 billion deal that will open the door to the multi-trillion-dollar corporate treasury market.

Ripple Rolls Out U.S. Spot Prime Brokerage for Digital Assets Like XRP

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