Ripple has introduced the completion of its acquisition of Hidden Street, formally rebranding the worldwide non-bank prime dealer as Ripple Prime. It is a historic second for the corporate, because it makes the fee agency the primary crypto-based firm to personal and function a worldwide, multi-asset prime brokerage platform.
The acquisition can also be a significant report that considerably expands Ripple’s institutional presence and additional improves the XRP Ledger’s ecosystem via new integrations and utility for the corporate’s stablecoin, RLUSD.
Ripple Prime Acquisition To Increase The XRP Ledger
In a recent post on the social media platform X, Ripple introduced that it has accomplished the acquisition of Hidden Street. The corporate’s acquisition of Hidden Street positions it as a pioneer in combining conventional finance with digital belongings at scale.
Hidden Street is likely one of the fastest-growing prime brokers on this planet. The corporate affords a variety of institutional providers resembling clearing, financing, and brokerage throughout overseas alternate, digital belongings, derivatives, swaps, and stuck revenue. Now that the rebranding to Ripple Prime is full, the brand new identify embodies the fee agency’s technique to construct the inspiration for institutional digital asset adoption.
One of the vital vital outcomes of Ripple Prime’s launch is its influence on the adoption and utility of Ripple’s stablecoin, RLUSD. In keeping with the corporate’s announcement put up on its website, RLUSD is now being actively used as collateral for a number of prime brokerage merchandise. Derivatives purchasers have begun holding their balances in RLUSD, and that is anticipated to continue to grow with institutional confidence.
Ripple emphasised that RLUSD’s regulatory compliance and governance framework have made it probably the most trusted stablecoins out there. Earlier this yr, Bluechip rated RLUSD because the primary stablecoin for stability, governance, and asset backing, assigning it an A grade.
The agency additional bolstered its institutional credibility by appointing The Financial institution of New York Mellon (BNY Mellon) as RLUSD’s main reserve custodian. On the time of writing, RLUSD is the twelfth largest stablecoin in market cap, with a $902 million market cap, now inching in the direction of the billion-dollar mark.
The Agency’s Increasing Institutional Footprint And Future Outlook
Ripple Prime is a part of the company’s expansion strategy to capture a notable share of the worldwide monetary market. The corporate’s acquisition of Hidden Street makes it its fifth acquisition in two years. The acquisition pattern began with the acquisition of Metaco in Might 2023, after which the acquisition of Customary Custody in June 2024.
Since then, the fee agency has continued to strengthen its institutional choices with acquisitions like Rail in August 2025 and GTreasury just last week. Every acquisition has been strategically executed so as to upgrade Ripple and XRP’s position because the main supplier of enterprise-grade blockchain options.
“As we proceed to construct options in the direction of enabling an Web of Worth – I’m reminding you all that XRP sits on the heart of all the things Ripple does.” CEO Brad Garlinghouse said in a post on X.
Featured picture from Pxfuel, chart from Tradingview.com
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