Ripple’s newly acquired prime brokerage arm, Hidden Road, went live on the DTCC’s National Securities Clearing Corporation (NSCC) directory earlier today.
The move has laid the groundwork to move massive institutional post-trade volume onto the XRP Ledger.
The March 2 listing plugs the infrastructure of the controversial San Francisco-based enterprise blockchain company directly into Wall Street’s legacy clearing system
HOT Stories
XRP Yield Risks Explained by XRPL Contributor, Schiff Acknowledges Satoshi’s Innovation With Bitcoin, Six Macro Events to Define Crypto Market This Week: Morning Crypto Report
Ethereum’s Massive Slump Continues With Sixth Straight Red Month
This milestone is the culmination of Ripple’s $1.25 billion acquisition of Hidden Road in 2025.
The firm, which now operates as Ripple Prime, is now positioned to leverage the speed and cost-efficiency of the XRPL to revolutionize traditional financial institutions
The Depository Trust & Clearing Corporation (DTCC) is the ultimate backbone of the U.S. financial market. It processes quadrillions of dollars in securities transactions annually.
Ripple’s most notable acquisition
As reported by U.Today, Ripple sent shockwaves through the industry by announcing its intent to acquire Hidden Road Partners for $1.25 billion
Hidden Road was already clearing $3 trillion annually across markets for over 300 institutional clients
Ripple explicitly stated that the acquisition would allow Hidden Road to migrate its post-trade activity to the XRPL
The acquisition officially wrapped up in late October. Ripple became the first crypto company to own and operate a global, multi-asset prime broker. Hidden Road was rebranded as Ripple Prime back then
The collaboration also places a heavy emphasis on Ripple’s RLUSD stablecoin
Ripple Prime began actively using RLUSD as collateral for a variety of its prime brokerage products
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum L2 network RISE testnet starts running mainnet code
Gate News update: On March 31, Ethereum L2 network RISE officially posted on X that its testnet is now running mainnet code. This means the testnet environment is using the same code version as the future mainnet for testing and verification.
GateNews45m ago
The general-purpose robot network Orbion completes deployment on the BSC mainnet and opens a 72-hour era token subscription.
The general-purpose robot network Orbion successfully deployed and went live on the BSC mainnet on March 31, with the goal of enabling end-to-end lifecycle management of general-purpose robots for users worldwide. The platform’s native token ORB has opened a 72-hour public subscription, serving as the core credential for governance, payments, and value transfer.
GateNews55m ago
Pi Network Drops Big Update on Pioneers and Second Migration
Pi Network’s Core Team, which has come under serious criticism as of late, has just updated on the number of users who have completed the second migration of their balances.
As with similar posts on X before, though, the community was quick to pick up on the statement and lash out at the
CryptoPotato1h ago
Monero releases RandomX v2.0, introducing a more complex AES encryption algorithm
Gate News message, on March 31, Monero announced that its RandomX v2.0 has been officially released. This v2.0 upgrade is the first major version update since RandomX was launched on the Monero mainnet in 2019. In RandomX v1, the mixing of registers relies mainly on simple logical operations such as XOR; while in v2.0, the algorithm introduces more complex
GateNews1h ago
DeFi Efficiency Revolution? Aerodrome Introduces a Prediction Mechanism, Token Allocation Efficiency Could Improve by 80%
DeFi developer Dromos Labs has launched a “prediction-based allocation” mechanism to improve the efficiency of liquidity incentives on Aerodrome and Velodrome. This mechanism allows governance token holders to adjust voting in real time, drawing on the logic of prediction markets. It is expected to achieve up to an 80% improvement in reward distribution, signaling that competition in DeFi trading markets is shifting toward capital allocation efficiency.
GateNews1h ago
Korea’s KB Kookmin Bank card partnership with Avalanche launches a stablecoin credit card, delivering a key upgrade to the payment experience
KB Kookmin Card has partnered with Avalanche to launch a “hybrid stablecoin credit card,” blending traditional payments with blockchain technology. The system allows users to flexibly use stablecoins and credit limits, enhancing the payment experience and lowering the barrier to using digital assets. This move aligns with the push of South Korea’s local currency stablecoin strategy and the Digital Asset Act, reflecting a reassessment by traditional finance of blockchain infrastructure.
GateNews1h ago
