Ripple Launches Spot Prime Brokerage for U.S. Institutions

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Ripple has launched spot prime brokerage services for U.S.-based institutional clients, enabling them to trade OTC spot transactions in leading digital assets, including XRP and RLUSD. This comes after Ripple acquired Hidden Road, a multi-asset prime brokerage firm. By combining Ripple’s licenses with Hidden Road’s offerings under Ripple Prime, institutions now have easy and seamless access to foreign exchange, digital assets, derivatives, swaps, and fixed income products, all in one platform. This expansion boosts Ripple’s capabilities for institutional trading.