Ripple Launches Digital Asset Spot Prime Brokerage in the US

Ripple has expanded its US institutional offerings with the launch of a new digital asset spot prime brokerage platform for the US market

The launch follows Ripple’s $1.25 billion acquisition of Hidden Road, enabling it to consolidate licenses and infrastructure under Ripple Prime

Ripple Expands Institutional Offering

Ripple has launched a digital asset prime brokerage for the US market following its $1.25 billion acquisition of Hidden Road. The new digital asset spot prime brokerage platform expands Ripple’s institutional services to include over-the-counter (OTC) spot trading services across major cryptocurrencies, including XRP, RLUSD, and other tokens. The launch marks one of the first US expansions of Ripple Prime following the company’s acquisition of multi-asset broker Hidden Road in a $1.25 billion deal. The deal, initially disclosed in April, was finalized last month. The company released a statement confirming the deal, stating,

“Ripple, a financial technology company that offers crypto solutions for businesses, today announced the launch of digital asset spot prime brokerage capabilities for the United States market. U.S.-based institutional clients are now able to execute OTC spot transactions across dozens of the most prominent digital assets, including XRP and RLUSD.”

Since the deal’s completion, Ripple has merged its licenses and technology with Hidden Road’s infrastructure, providing a unified clearing, financing, and execution platform for digital assets, derivatives, foreign exchange, and fixed income. Michael Higgins, CEO of Ripple Prime, stated in a press release,

“The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide U.S. institutions with a comprehensive offering to suit their trading strategies and needs.”

The brokerage platform will allow US-based institutional clients to cross-margin OTC spot transactions and holdings with their broader blockchain asset portfolios, including CME futures and options. This effectively bridges traditional and cryptocurrency markets under one operational umbrella

Ripple’s Expansion Plans

Ripple has pursued an aggressive expansion and acquisition strategy in 2025. Besides completing the Hidden Road acquisition, Ripple recently announced the purchase of GTreasury for $1 billion. Ripple CEO Brad Garlinghouse called the acquisition a “watershed moment for corporate treasury management.” Ripple’s acquisition of GTreasury gave it access to enterprise clients using its blockchain-based payments and liquidity tools

The company also led a $1 billion raise to expand its XRP reserves. According to Garlinghouse, the raise was part of Ripple’s efforts to support ecosystem liquidity and on-chain payments capacity. Garlinghouse believes the regulatory climate is improving under the Trump administration. The US has already passed a stablecoin bill and is working on a crypto market structure bill

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.