Ripple Expands U.S. Institutional Offering With Introduction of Digital Asset Spot Prime Brokerage

Core Insights - Ripple has launched a digital asset spot prime brokerage named Ripple Prime for U.S. institutional clients, marking a significant expansion into financial services following the acquisition of Hidden Road [1][3] - The new platform facilitates over-the-counter (OTC) spot trading for various major digital assets, including XRP and Ripple's RLUSD stablecoin, and offers an integrated suite of services including derivatives, swaps, fixed income, and foreign exchange products [2][4] Company Developments - The launch of OTC spot execution capabilities enhances Ripple's existing suite of OTC and cleared derivatives services, positioning the company to meet the trading needs of U.S. institutions [3] - Ripple completed the acquisition of Hidden Road in October 2025, which combined its regulatory licenses with Hidden Road's prime brokerage infrastructure [3] Service Offerings - The new platform allows U.S. clients to cross-margin OTC spot positions with swaps and CME-listed futures and options, providing greater flexibility in managing digital asset portfolios [4] - Ripple's institutional crypto services now encompass payments, custody, and trading, with Ripple Prime joining Ripple Payments and Ripple Custody as part of its offerings [4] Asset Integration - Ripple's native crypto assets, XRP and RLUSD, are integrated into these offerings to improve liquidity and streamline settlement processes for institutional participants [5]