Ripple has completed its $1.25 billion purchase of Hidden Road and rebranded the company as Ripple Prime, company executives confirmed. According to management comments, the deal makes Ripple the first crypto company to own and run a global, multi-asset prime broker.
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Ripple President Monica Long said on
Ripple Completes Hidden Road Deal
Based on reports, Ripple Prime started life on the backbone of Hidden Road, a platform known for its rapid growth among non-bank prime brokers. Since Ripple the acquisition in April, the volume of activities at the unit tripled.
Ripple Prime will offer services such as clearing, financing and prime brokerage across asset classes including currencies, derivatives, swaps and digital assets. Hidden Road founder Marc Asch will remain involved and work with CEO Brad Garlinghouse and other leaders as the integration continues.
The options now available for Ripple Prime (formerly Hidden Road) have been expanded. Of $RLUSD Since it is already used as collateral for a number of prime brokerage products, and Ripple Prime is looking at different ways to use XRP, the future looks promising. https://t.co/YFSUQlyeOO
— Monica Lang (@MonicaLongSF) October 24, 2025
RLUSD gains institutional footing
RLUSD, Ripple’s institutional stablecoin, is already used as collateral for several prime brokerage products. According to company statements, some derivatives clients have chosen to hold their balances in RLUSD rather than other currencies.
Reports also state that BNY Mellon is acting as the primary reserve custodian for RLUSD. Blockchain analytics firm Bluechip gave RLUSD an A rating for stability, governance and asset support, a ranking that Ripple cites as evidence of institutional trust.
Ripple’s acquisition push strengthens infrastructure
Ripple has completed five major acquisitions in about two years, including Metaco, Standard Custody, Rail and GTtreasury added to the growing list of companies now working under the umbrella.
The measures are intended to expand options for custody, payments, liquidity and treasury. Based on company comments, Ripple views these purchases as steps toward offering a broader range of services to institutions related to digital assets and traditional markets.
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Prime Brokerage’s ambitions are growing
Ripple has said it will use blockchain tools to streamline operations at Ripple Prime and reduce costs. According to management comments, the plan is to combine payments, custody solutions and stablecoin utilities with prime brokerage features to increase adoption among institutional clients.
With Hidden Road (now Ripple Prime) closed today, Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions to enable an Internet of Value, I remind you… https://t.co/O5Uub7ulw9
— Brad Garlinghouse (@bgarlinghouse) October 24, 2025
What this means for XRP
Monica Long’s optimistic message consisted of concrete steps rather than just words. Reports indicate that Ripple Prime’s expansion and RLUSD’s institutional traction could make XRP more useful to banks and asset managers.
Ripple CEO Brad Garlinghouse has repeatedly emphasized the company’s commitment to XRP, and Ripple’s latest moves place the token among a broader set of services aimed at professional users.
XRP Price Update
Analysts and market observers will keep an eye on how quickly institutions adopt these new tools and if XRP finds a stable, functional place in that ecosystem.
XRP has been moving quietly within a tight range lately, with prices between $2.30 and $2.50. The broader crypto market has remained calm and the token continues to trade comfortably above $2.20, showing resilience despite subdued activity.
According to crypto analysts,
Featured image from Unsplash, chart from TradingView
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