Ripple acquires global prime broker 'Hidden Road'… launches as 'Ripple Prime'
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- 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.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
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."
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