Oh, hello there, crypto enthusiasts! 🌟 Ripple has just made a game-changing move in the US digital asset market, bringing XRP and RLUSD to the forefront of institutional finance. Because nothing says “trust me, I’m a crypto company” like a new brokerage firm. 🤷♀️
Ripple Prime Debuts In The US With XRP And RLUSD Integration 🎉
On November 3, Ripple dropped a press release like it’s 2017 again. 🚨 The revelation follows the crypto company’s recent acquisition of Hidden Road, a former well-known multi-asset brokerage firm. Now fully integrated under the name Ripple Prime, the platform will offer institutions an extensive range of services, including prime brokerage, clearing, and financing. Because who doesn’t want to trade with a mix of old-school finance and blockchain? 💸
With this groundbreaking launch, the platform will support all major digital asset types in the US, enabling users to execute OTC spot transactions across numerous cryptocurrencies, including XRP and RLUSD. By leveraging Ripple’s broker licenses and Hidden Road’s advanced infrastructure, Ripple Prime is expected to provide a unified platform for institutions to easily access FX, digital assets, derivatives, swaps, and fixed-income products. Because nothing says “innovation” like combining legacy systems with crypto. 🤯
Michael Higgins, the international CEO of Ripple Prime, stated in the press release that the new OTC spot execution feature complements Ripple’s existing portfolio of OTC and cleared derivatives services for digital assets. He explained that the latest expansion strengthens the crypto payments company’s ability to meet the digital asset needs of US institutional clients and support their evolving trading strategies. Because why not? 🎯
Moving forward, the payment firm emphasized that Ripple Prime will allow institutions to cross-margin their OTC spot transactions and holdings with other parts of their portfolio, such as swaps or CME futures and options. Notably, the crypto company’s acquisition of Hidden Road has laid the foundation of this new system, integrating traditional prime brokerage capabilities with blockchain-based innovation. Because nothing says “disruption” like buying a brokerage and calling it a day. 🕵️♂️
Ripple Prime also represents one of the company’s many acquisitions. Earlier in October, CEO Brad Garlinghouse highlighted the company’s top five acquisitions, including GTreasury, Rail, Metaco, Standard Custody, and Hidden Road. Together, these strategic additions underscore the crypto firm’s broader effort to expand its institutional offerings and strengthen its position in the global payments industry. Because who needs stability when you can have chaos? 😂
RLUSD Surpasses $1 Billion Market Cap 💸
In a follow-up announcement on X, the payment firm revealed that its RLUSD stablecoin has reached a market capitalization of more than $1 billion just one year after its launch. The company described RLUSD as a fully transparent and institutionally trusted stablecoin, backed 1:1 with the US dollar. Because nothing says “trust” like a stablecoin that’s literally just a dollar. 🤯
Ripple also shared that Ripple Prime, GTreasury, and Rail are now part of a unified initiative to leverage XRP and RLUSD for faster, more efficient, and compliant settlements worldwide. The company added that this integrated system will play a key role in driving the next phase of growth in global finance. Because why settle for slow when you can have “faster” and “compliant”? 🚀
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2025-11-05 01:44