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Ripple Deepens Wall Street Push With Prime Brokerage Launch, Stablecoin Settlement Pilot and $500 Million Raise

Bank uptake hinges on U.S. regulatory clarity stalled by the prolonged shutdown.

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Overview

  • Ripple unveiled Ripple Prime, giving U.S. institutions over-the-counter spot access to multiple digital assets.
  • At its Swell 2025 event, the company announced a card-settlement trial using its RLUSD stablecoin with Mastercard, WebBank and Gemini on the XRP Ledger.
  • The firm executed nearly $4 billion of acquisitions in 2025, including Hidden Road for about $1.3 billion, GTreasury for over $1 billion, and Rail for roughly $200 million.
  • Ripple raised $500 million, lifting its valuation to around $40 billion as it integrates purchases and expands institutional services.
  • CEO Brad Garlinghouse said Ripple is negotiating XRP Ledger integrations with major financial players, though banks remain cautious without clear legislation.