Ripple not too long ago introduced that its acquisition of Hidden Street has now been accomplished. This makes Hidden Street a part of Ripple, formally now Ripple Prime. The transfer stays historic because it makes Ripple the primary crypto firm to personal and function a world, multi-asset prime dealer, bringing the promise of digital belongings to institutional prospects at scale.
Earlier this 12 months, Ripple introduced its intent to amass Hidden Street, a significant non-bank prime dealer, providing establishments a one-stop-shop for superior companies, together with clearing, prime brokerage and financing throughout overseas change, digital belongings, derivatives, swaps and stuck earnings.
Ripple says the transfer marks an thrilling new chapter, noting that for the reason that time the preliminary announcement of the acquisition went out, Ripple Prime’s enterprise has grown threefold, with additional development for brand spanking new and current prospects anticipated.
This marks the fifth main acquisition by Ripple within the final two years, together with an announcement to amass treasury administration system supplier GTreasury final week, stablecoin-powered fee platform Rail in August 2025, the acquisition of Normal Custody in June 2024 and Metaco in Could 2023.
Ripple president breaks silence
In a tweet, Ripple President Monica Lengthy reacted to the latest announcement of the Ripple Prime platform, highlighting that it comes with expansive alternatives.
As Ripple Prime is exploring a variety of methods to make the most of XRP and RLUSD already getting used as collateral for prime brokerage merchandise, Lengthy said that the long run forward is mighty vivid.
Ripple’s fee infrastructure, crypto custody and stablecoin in addition to using XRP are anticipated to enhance the companies provided inside Ripple Prime.
Ripple Prime can also be anticipated to spice up the utility and increase the attain of the Ripple USD stablecoin, RLUSD. Sure derivatives prospects have already opted to carry their balances in RLUSD, the variety of which is predicted to extend within the coming months.