Ripple has rolled out digital asset spot prime brokerage capabilities within the US market.
The brand new launch follows an announcement in late October that it had formally acquired the non-bank prime dealer Hidden Highway.
Ripple mixed Hidden Highway’s providers into its monetary platform Ripple Prime, which goals to provide establishments entry to clearing, financing and buying and selling in FX, digital belongings, derivatives, swaps, and stuck revenue, all beneath one roof.
Ripple says its Prime purchasers within the US can now cross-margin over-the-counter (OTC) spot transactions and holdings with the remainder of their digital asset portfolios.
The funds agency first introduced its intent to amass Hidden Highway in April, and it stated final month that Ripple Prime’s enterprise has surged by 3x since that preliminary announcement.
Ripple additionally says its institutional platform will increase the attain of its stablecoin, RLUSD, by utilizing the asset as collateral for prime brokerage merchandise. The monetary providers large BNY Mellon is poised to change into the stablecoin’s major reserve custodian.
The Hidden Highway acquisition marks Ripple’s fifth main purchase in two years, together with GTreasury for treasury administration final week, Rail’s $200 million stablecoin funds platform in August 2025, Commonplace Custody in June 2024 and the digital asset custody infrastructure agency Metaco in Could 2023.
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