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

Why It Matters

The new prime brokerage gives U.S. institutions a one‑stop solution for trading and financing digital assets, potentially increasing institutional liquidity and adoption of Ripple’s native tokens. It also positions Ripple as a more comprehensive fintech provider, challenging traditional prime brokers in the crypto space.

Summary

Ripple has launched Ripple Prime, a digital‑asset spot prime brokerage for U.S. institutional clients, adding OTC spot trading for dozens of cryptocurrencies, including XRP and its RLUSD stablecoin. The platform integrates spot, swaps, futures, and other derivatives, allowing institutions to cross‑margin positions on a single desk. The service builds on Ripple’s recent acquisition of Hidden Road, combining regulatory licenses with prime‑brokerage infrastructure, and expands Ripple’s suite of institutional offerings that already include payments, custody, and trading. At launch, XRP was trading around $2.43, down 4% from the prior day.