Ripple has launched Ripple Prime, a digital asset spot prime brokerage designed to serve U.S. institutional clients with access to over-the-counter (OTC) spot trading for a range of cryptocurrencies, including XRP and the RLUSD stablecoin.
Ripple Prime breaks ground in the US today with the launch of digital asset spot prime brokerage capabilities – allowing clients to execute OTC spot transactions across the most prominent digital assets and stablecoins, including $XRP and $RLUSD. https://t.co/zTYb4MrPX4
— Ripple (@Ripple) November 3, 2025
Remarkably, the rollout follows Ripple’s acquisition of multi-asset prime broker Hidden Road in October 2025, combining its regulatory licenses with Ripple’s infrastructure. The integration enables institutions to execute spot and derivative trades, manage cross-margin positions, and access liquidity across both digital and traditional markets through a unified platform.
Ripple Prime’s OTC execution capabilities add to its growing suite of institutional-grade services, enabling clients to trade and hedge with precision. The offering covers derivatives, swaps, fixed income, and foreign exchange products, an expansion that aligns Ripple with established institutional brokers.
A Single Venue for Trading, Settlement, and Custody
Notably, Ripple Prime joins Ripple Payments and Ripple Custody to form a complete institutional ecosystem. Ripple Payments facilitates blockchain-based cross-border transactions, while Ripple Custody secures digital asset storage and custody. Together, these services allow clients to move assets seamlessly between trading, settlement, and treasury operations.
Ripple’s native assets, XRP and RLUSD, are embedded throughout these solutions to streamline liquidity and settlement. According to the announcement, the company aims to create a vertically integrated infrastructure that enables institutions to access markets, manage risk, and settle transactions within a single framework.
Michael Higgins, the international CEO of Ripple Prime, said the addition of spot execution enhances Ripple’s existing derivatives suite and enables it to “provide U.S. institutions with a comprehensive offering suited to their trading needs.”
Ripple Deepens Wall Street Ambitions
Meanwhile, Ripple’s latest move comes amid an aggressive expansion phase. Beyond Hidden Road, the company acquired GTreasury in a $1 billion deal, a move CEO Brad Garlinghouse described as a milestone for corporate treasury management.
Ripple has also raised $1 billion to strengthen its XRP treasury reserves, supporting on-chain liquidity and settlement efficiency. The capital injection underpins its growing ecosystem of institutional financial products.
Evans Kelvin
Brenda Kanana
