Ripple Debuts US Prime Brokerage After Hidden Road Buy
On November 3, 2025, Ripple officially launched its US institutional spot prime brokerage service through Ripple Prime, the rebranded subsidiary formerly known as Hidden Road. This platform follows Ripple’s $1.25 billion acquisition and integrates Hidden Road’s licenses with Ripple’s blockchain infrastructure. It offers OTC trading with cross-margining across dozens of digital assets—including XRP and RLUSD stablecoin—alongside derivatives, CME futures, options, FX, swaps and fixed-income products. Institutional clients can now consolidate spot and derivatives positions under a unified execution, clearing and financing framework. This one-stop prime brokerage aims to enhance liquidity, improve trading efficiency and simplify compliance. Earlier in 2025, Ripple executed a $1 billion XRP buyback and acquired treasury management firm GTreasury to bolster on-chain liquidity. RLUSD has seen adoption by humanitarian groups like World Central Kitchen and Water.org, while retail-focused initiatives include Uphold’s US debit card offering 6% XRP rewards.
Bullish
Ripple Prime’s launch of a US institutional spot prime brokerage is a bullish development for XRP. In the short term, offering unified OTC trading and cross-margining with CME futures and derivatives may attract new institutional flows and boost trading volumes. Integrating Hidden Road’s infrastructure with Ripple’s licenses enhances liquidity and simplifies compliance, which could narrow spreads and reduce transaction costs. Over the long term, the $1 billion XRP buyback and GTreasury acquisition strengthen on-chain liquidity, while institutional-grade services position XRP as a more accessible asset for large investors. Historical trends show that deeper institutional involvement often supports price appreciation and market stability, making this launch a clear positive catalyst for XRP.