Overview
- The service enables U.S. institutional clients to execute OTC spot trades across dozens of digital assets, explicitly including XRP and Ripple’s RLUSD stablecoin.
- Clients can cross‑margin OTC spot positions with OTC swaps and CME‑listed futures and options for more efficient capital use.
- Ripple completed the Hidden Road acquisition in October 2025, rebranding the multi‑asset prime broker as Ripple Prime in its first major post‑deal integration.
- Ripple said RLUSD reached roughly a $1 billion market capitalization around the launch, with plans to use the stablecoin as institutional collateral.
- CEO Brad Garlinghouse has said a portion of clearing will run on the XRP Ledger, while XRP traded about 4% lower near $2.41 on the day of the announcement.