Ripple Prime Is the Fintech Firm’s One-Stop Institutional Trading and Financing Desk

Ripple has officially launched Ripple Prime, rebranding its recently acquired global prime broker, Hidden Road, into a unified service offering trading, financing, and clearing for institutional clients across digital assets, FX, derivatives, and more. The unit has reportedly tripled its business since the initial acquisition announcement and now serves over 300 institutional customers, clearing more than $3 trillion across markets. Ripple Prime functions as a one-stop intermediary, consolidating market access, financing, post-trade settlement, and risk management, similar to traditional finance prime brokerage, but applied to digital assets. Furthermore, Ripple intends for this new unit to deepen the utility of its stablecoin, RLUSD, which some derivatives clients already use as collateral for prime-brokerage products. This move extends Ripple's institutional focus beyond payments and custody into comprehensive broker-dealer-like services.

(Source：CoinDesk)