Ripple has formally launched its new digital asset prime brokerage platform in the USA, increasing institutional entry to crypto buying and selling by way of over-the-counter (OTC) spot providers for belongings like XRP and RLUSD.
Key Takeaways
- Ripple Prime now provides U.S.-based establishments entry to OTC spot buying and selling for dozens of main cryptocurrencies.
- The transfer follows Ripple’s $1.25 billion acquisition of Hidden Street, finalized in October 2025.
- Ripple has merged licenses and infrastructure underneath Ripple Prime to ship a full-suite brokerage platform.
- This launch marks a significant step in Ripple’s ongoing enlargement into institutional crypto providers together with custody, funds, and buying and selling.
What Occurred?
Ripple has launched Ripple Prime in the U.S. market, a digital asset spot prime brokerage platform geared toward institutional purchasers. The brand new providing allows OTC spot buying and selling for main cryptocurrencies, together with XRP and RLUSD, and permits cross-margining throughout digital belongings, derivatives, swaps, and conventional monetary devices like FX and fastened earnings.
Ripple Prime breaks floor in the US in the present day with the launch of digital asset spot prime brokerage capabilities – permitting purchasers to execute OTC spot transactions throughout probably the most outstanding digital belongings and stablecoins, together with $XRP and $RLUSD. https://t.co/zTYb4MrPX4
— Ripple (@Ripple) November 3, 2025
This enlargement builds straight on Ripple’s acquisition of Hidden Street, which was accomplished in October 2025. Ripple has mixed its regulatory licenses with Hidden Street’s infrastructure to create a unified brokerage service underneath the Ripple Prime model.
Ripple’s Strategic Enlargement Into Prime Brokerage
Ripple Prime marks the corporate’s most complete institutional buying and selling platform thus far. Designed for U.S.-based institutional purchasers, it gives entry to:
- OTC spot execution for digital belongings like XRP and RLUSD.
- Swaps and cleared derivatives.
- Foreign exchange (FX) and fastened earnings merchandise.
- Cross-margining throughout varied asset lessons together with CME futures and choices.
Michael Higgins, Worldwide CEO of Ripple Prime, mentioned in the official announcement:
Ripple has not simply stopped at buying and selling. It now operates three main providers in the U.S. underneath its institutional umbrella:
This built-in infrastructure goals to streamline liquidity, execution, and settlement processes for large-scale members.
Acquisition of Hidden Street Fuels Development
Ripple’s $1.25 billion acquisition of Hidden Street has been a key enabler of its U.S. enlargement. With this transfer, Ripple absorbed prime brokerage capabilities and regulatory licenses which are important to working in a extremely regulated atmosphere.
By incorporating Hidden Street’s know-how stack and licenses, Ripple Prime can now operate as a full-service institutional brokerage that bridges conventional finance with digital belongings.
The deal is only one a part of Ripple’s aggressive development technique in 2025, which additionally contains:
- A $1 billion acquisition of GTreasury, giving Ripple entry to company treasury purchasers.
- Main a $1 billion fundraising spherical to bolster XRP reserves and assist onchain liquidity.
- Energetic political involvement, together with donations to pro-crypto political funds aligned with the Trump administration.
Ripple CEO Brad Garlinghouse has been optimistic in regards to the U.S. regulatory shift, citing latest progress similar to a passed stablecoin bill and motion on broader crypto market construction laws.
CoinLaw’s Takeaway
I believe Ripple is making a daring and sensible transfer by launching a first-rate brokerage service proper when the U.S. regulatory local weather is warming up. From my expertise monitoring Ripple, this firm is aware of how you can capitalize on market timing. By buying Hidden Street and integrating its tech and licenses, Ripple has skipped a number of steps that will’ve taken years to construct internally.
What stands out most is how Ripple is mixing conventional monetary merchandise with crypto underneath one roof. That’s big for establishments that need publicity to digital belongings with out coping with a number of fragmented platforms. If Ripple can keep compliance and proceed providing deep liquidity, this might be a game-changer for institutional crypto adoption in the U.S.
