Ripple Completes Hidden Road Acquisition, Rebrands as Ripple Prime
Ripple completed its acquisition of Hidden Road on Oct. 24, rebranding the entity as Ripple Prime, the company announced. The acquired platform provides institutional clients with clearing, prime brokerage, and financing services across foreign exchange, digital assets, derivatives, swaps, and fixed income. Since the acquisition was announced, Ripple Prime's business has grown threefold, and the platform now supports Ripple's RLUSD stablecoin as collateral across multiple prime brokerage products, with select derivatives clients already holding RLUSD.

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