Ripple launches digital asset prime brokerage for US markets following $1.25 billion Hidden Road deal

Ripple has introduced a new digital asset spot prime brokerage platform targeting the U.S. market, expanding its institutional offerings to include OTC spot trading for major cryptocurrencies, including XRP and its RLUSD stablecoin. This launch follows Ripple's $1.25 billion acquisition of multi-asset broker Hidden Road, finalized last month, which integrated its licenses and infrastructure to create a unified platform for clearing, financing, and execution across digital assets, FX, derivatives, and fixed income.

U.S. institutional clients can now cross-margin their OTC spot transactions and holdings against their broader blockchain asset portfolios, such as CME futures. This move aims to bridge traditional and crypto markets under one operational structure. The expansion is part of Ripple's broader acquisition strategy in 2025, which also included the $1 billion purchase of GTreasury and leading a $1 billion raise to bolster its XRP treasury reserves.

(Source：The Block)