Overview
- Ripple Prime now offers U.S. institutional clients OTC spot trading in dozens of digital assets, including XRP and the RLUSD stablecoin.
- Clients can cross‑margin spot positions with OTC swaps as well as CME‑listed futures and options for unified risk and capital management.
- Ripple completed the acquisition of multi‑asset prime broker Hidden Road in October 2025 for roughly $1.25 billion and rebranded it as Ripple Prime.
- The platform pairs Ripple’s regulatory licenses with Hidden Road’s infrastructure to provide multi‑asset access spanning FX, digital assets, derivatives, swaps, and fixed income.
- Ripple reported RLUSD at about a $1 billion market cap, while market data showed XRP declining roughly 4–5% around the announcement.