Mike

Prime

Ripple USD

Delta

Shiba Inu

<h3 id="key-takeaways">Key Takeaways:</h3>
<ul>
 <li>Ripple Prime earned four Hedgeweek US Awards nominations while expanding its institutional brokerage business and strengthening recognition across financial markets globally.</li>
 <li>Revenue has more than tripled since Ripple acquired the firm, supported by RLUSD, cross-margining, strategic integrations, and new institutional clients.</li>
 <li>Ripple Prime plans broader collateral options and equities expansion while attracting hedge funds, pensions, and asset managers through regulatory clarity.</li>
</ul>
&nbsp; 
Ripple Prime has secured multiple Prime Broker of the Year nominations at the Hedgeweek US Awards 2026, highlighting the firm’s expanding presence in institutional brokerage. The recognition reflects the company’s growing role in digital asset and traditional financial markets following its integration into Ripple. 
Ripple Prime CEO <a href="https://36crypto.com/michael-higgins-early-life-and-net-worth-the-ripple-prime-ceo-expanding-blockchain-innovation/" rel="noopener noreferrer nofollow">Mike Higgins</a><a href="https://x.com/mikehiggins/status/2079146754738376925" rel="noopener noreferrer nofollow">revealed</a> the nominations in a post on X, where he thanked clients and partners for their continued support. He also encouraged the community to participate in the voting process as the shortlisted firms compete for this year’s awards. 
The company earned nominations in the Client Service, Specialist Markets, Start-up and Emerging Managers, and Technology categories. <a href="https://36crypto.com/ripple-prime-ceo-highlights-rising-demand-for-xrp-and-rlusd/" rel="noopener noreferrer nofollow">Ripple Prime</a> will compete alongside established industry names, including Interactive Brokers, Mirae Asset Securities USA, Jones Trading, AGP Prime, and several other leading firms. 
The nominations place Ripple Prime among recognized institutional service providers while reflecting its growing profile in the prime brokerage sector. Final winners will be determined through the awards voting process. 
Also Read: <a href="https://36crypto.com/xrp-ledger-upgrade-package-moves-closer-to-vote-with-six-proposed-amendments/" rel="noopener noreferrer nofollow">XRP Ledger Upgrade Package Moves Closer to Vote With Six Proposed Amendments</a> 
<h2 id="revenue-growth-follows-ripple-acquisition">Revenue growth follows Ripple acquisition</h2>
Ripple Prime, formerly known as Hidden Road, has expanded its institutional operations since Ripple completed its acquisition in April 2025. The prime broker now clears more than $3 trillion in annual trading volume for over 300 institutional clients worldwide. 
According to Higgins, during a recent Token Relations quarterly webinar, the firm’s revenue has more than tripled since joining Ripple. He attributed the increase to stronger engagement from existing customers and a steady flow of new institutional clients. 
Moreover, Higgins identified Ripple USD (RLUSD), a horizontal clearing infrastructure, and cross-margining across multiple asset classes as the primary drivers of that growth. Together, these services have improved capital efficiency for institutional traders. 
He explained that cross-margining can reduce a margin requirement from approximately $12.5 million to nearly $1 million in certain trading scenarios. Consequently, institutions can allocate capital more efficiently while maintaining exposure across different markets. 
Additionally, Ripple Prime strengthened its infrastructure during the second quarter through <a href="https://36crypto.com/xrp-news-ripple-prime-announces-major-partnership-with-edx-details/" rel="noopener noreferrer nofollow">integrations with EDX Markets</a>, Coinbase Derivatives, Hyperliquid, and Bullish. The company also secured a $200 million debt facility from Neuberger Berman to support further expansion. 
<h2 id="broader-institutional-adoption-shapes-future-strategy">Broader institutional adoption shapes future strategy</h2>
Higgins also noted that Ripple Prime is attracting a wider range of institutional participants. Besides crypto-native trading firms, hedge funds, asset managers, pension funds, and endowments are increasingly joining the platform. He linked that trend to improving regulatory clarity under the <a href="https://36crypto.com/u-s-house-passes-genius-act-to-regulate-stablecoins-sends-bill-to-trump/" rel="noopener noreferrer nofollow">GENIUS Act</a> and the proposed CLARITY Act. 
The company’s near-term strategy includes introducing additional collateral options, such as tokenized money market funds, while expanding into a Delta One equities business. Those initiatives are designed to broaden institutional access and strengthen the firm’s service offering. 
<h2 id="strong-conclusion-strong">Conclusion</h2>
Ripple Prime’s multiple award nominations coincide with a period of rapid business expansion and increasing institutional participation. Its growing client base, broader infrastructure, and strategic product development underscore the company’s efforts to strengthen its position within the global prime brokerage industry. 
Also Read: <a href="https://36crypto.com/shiba-inu-exchange-inflows-jump-as-160-billion-shib-moves-toward-trading-platforms/" rel="noopener noreferrer nofollow">Shiba Inu Exchange Inflows Jump as 160 Billion SHIB Moves Toward Trading Platforms</a> 
The post <a href="https://36crypto.com/ripple-prime-earns-multiple-prime-broker-award-nominations-as-institutional-growth-accelerates/" rel="noopener noreferrer nofollow">Ripple Prime Earns Multiple Prime Broker Award Nominations as Institutional Growth Accelerates</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Ripple Prime Earns Multiple Prime Broker Award Nominations as Institutional Growth Accelerates

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