Summary
- Ripple acquired the global prime broker Hidden Road and rebranded it as an integrated trading and settlement platform for institutional investors, Ripple Prime.
- Ripple Prime provides comprehensive brokerage services covering not only digital assets but also traditional financial products such as foreign exchange, derivatives, and OTC swaps.
- Ripple expects the platform to become a core use case for the Ripple Dollar (RLUSD) stablecoin.
XRP issuer Ripple acquired global prime broker Hidden Road and rebranded it as an integrated trading and settlement platform for institutional investors, 'Ripple Prime (Ripple Prime)'.
On the 25th (local time), according to CoinDesk, Ripple said in an official statement, "Ripple has acquired Hidden Road and launched it as Ripple Prime. It is a prime brokerage service for institutions that integrates trading, financing, and clearing."
Ripple Prime provides comprehensive brokerage services covering not only digital assets but also traditional financial products such as foreign exchange (FX), listed derivatives, over-the-counter (OTC) swaps, bond clearing, and metal trading.
Ripple expects the platform to become a core use case for the Ripple Dollar (RLUSD) stablecoin. Regarding the rebranding, Ripple CEO Brad Garlinghouse said, "We are entering a new phase of digital asset adoption. Ripple Prime will provide institutional clients with trading access, financing, and risk controls from a single point of access."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
