Ripple recently announced that it has completed its acquisition of Hidden Road. With this, Hidden Road became part of Ripple and officially became Ripple Prime. The move is historic as Ripple becomes the first crypto company to own and operate a global multi-asset prime broker, bringing the promise of digital assets to institutional clients at scale.
Earlier this year, Ripple announced its intention to acquire Hidden Road, a leading non-bank prime broker that provides financial institutions with a one-stop shop for advanced services including clearing, prime brokerage, foreign exchange, digital assets, derivatives, swaps, and lending across fixed income.
Ripple said the move marks an exciting new chapter, noting that since the initial acquisition announcement, Ripple Prime’s business has grown threefold and expects further growth with new and existing customers.
This is Ripple’s fifth major acquisition in the past two years, including last week’s acquisition of financial management system provider GTreasury, the acquisition of stablecoin-powered payments platform Rail in August 2025, the acquisition of Standard Custody in June 2024, and the announced acquisition of Metaco in May 2023.
Ripple CEO breaks silence
In a tweet, Ripple President Monica Long responded to the recent announcement of the Ripple Prime platform, emphasizing that it comes with vast opportunities.
The opportunities available to Ripple Prime (aka Hidden Road) are vast. The future is very bright as $RLUSD is already being used as collateral for many prime brokerage products and Ripple Prime is exploring different ways to leverage XRP. https://t.co/YFSUQlyeOO
— Monica Long (@MonicaLongSF) October 24, 2025
Long said the future looks very bright for Ripple Prime as it explores many ways to utilize XRP and RLUSD, which are already used as collateral for prime brokerage products.
Ripple’s payments infrastructure, cryptocurrency custody and stablecoins, and use of XRP are expected to complement the services offered within Ripple Prime.
Ripple Prime is also expected to increase the utility and expand the reach of Ripple USD stablecoin RLUSD. Some derivatives customers have already chosen to hold their balances in RLUSD, and that number is expected to increase in the coming months.