Ripple has rolled out spot prime brokerage capabilities for crypto belongings equivalent to XRP and RLUSD in the US.
The transfer will permit purchasers to commerce over-the-counter (OTC) spot markets throughout high cryptocurrencies, together with XRP and RLUSD, Ripple’s stablecoin. The launch represents an essential step in Ripple’s push to present establishments simpler entry to digital belongings.
This rollout follows Ripple’s $1.25 billion buy of Hidden Street, a worldwide multi-asset prime brokerage that now operates underneath the Ripple Prime identify. Ripple finalized the deal in October 2025 after months of integration work.
Hidden Street dealt with over $3 trillion in annual transactions for greater than 300 establishments earlier than the acquisition. Since then, Ripple has injected billions in recent capital and tripled the scale of the enterprise, making it a worldwide prime brokerage platform underneath the Ripple model.
Ripple Prime Now Providing Full Brokerage and Financing Companies
On account of the newest growth, Ripple Prime now presents a full vary of brokerage, clearing, and financing companies, supporting all main digital asset sorts within the U.S. market. Establishments can execute OTC spot trades throughout main digital belongings and entry conventional markets like overseas trade, swaps, mounted earnings, and derivatives.
Ripple Prime breaks floor within the US at present with the launch of digital asset spot prime brokerage capabilities – permitting purchasers to execute OTC spot transactions throughout probably the most distinguished digital belongings and stablecoins, together with $XRP and $RLUSD. https://t.co/zTYb4MrPX4
— Ripple (@Ripple) November 3, 2025
Ripple stated the brand new OTC spot service bolsters its present derivatives and OTC choices for establishments. Michael Higgins, Worldwide CEO of Ripple Prime, defined that the growth provides U.S. purchasers a bigger suite of instruments to handle their buying and selling methods throughout totally different asset lessons in a single place.
Ripple Prime may even introduce cross-margining, a function that permits establishments to handle OTC spot positions alongside their different holdings, equivalent to swaps, CME futures, and choices
Since finishing the acquisition, Ripple has began transferring post-trade operations to the XRP Ledger to benefit from its near-instant settlement occasions. This helps Ripple Prime ship quicker trades, extra transparency, and smoother operations. The corporate additionally made RLUSD eligible as collateral for derivatives and cross-margining.
Ripple’s Acquisition Technique
The Hidden Street acquisition matches into Ripple’s bigger growth plan, which has ramped up since 2024. Final June, Ripple acquired Customary Custody & Belief Firm, a U.S.-based crypto custodian, for an undisclosed charge.
In August 2025, Ripple agreed to purchase Rail, a Toronto-based stablecoin funds agency, for $200 million. Rail at the moment processes greater than 10% of the $36 billion in B2B stablecoin transactions this yr.
Ripple additionally just lately introduced plans to buy GTreasury, a treasury administration software program supplier that serves Fortune 500 corporations, in a $1 billion deal that can open the door to the multi-trillion-dollar company treasury market.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article might embrace the creator’s private opinions and don’t mirror The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Fundamental isn’t liable for any monetary losses.
