Ripple has launched Ripple Prime, an institutional brokerage platform, following its $1.25 billion acquisition of Hidden Road completed in October 2025. The platform integrates multi-asset trading, custody, and collateral services with Ripple's payment infrastructure and RLUSD stablecoin. Michael Arrington, founder of Arrington Capital, described the acquisition as Ripple's smartest move to date, citing synergies between Hidden Road's brokerage capabilities and Ripple's blockchain technology.