Ripple has introduced the completion of its acquisition of Hidden Street, formally rebranding the worldwide non-bank prime dealer as Ripple Prime. This can be a historic second for the corporate, because it makes the cost agency the primary crypto-based firm to personal and function a world, multi-asset prime brokerage platform.
The acquisition can also be a significant file that considerably expands Ripple’s institutional presence and additional improves the XRP Ledger’s ecosystem by way of new integrations and utility for the corporate’s stablecoin, RLUSD.
Ripple Prime Acquisition To Enhance 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 property at scale.
Hidden Street is among the fastest-growing prime brokers on this planet. The corporate provides a spread of institutional companies reminiscent of clearing, financing, and brokerage throughout overseas change, digital property, derivatives, swaps, and glued earnings. Now that the rebranding to Ripple Prime is full, the brand new identify embodies the cost agency’s technique to construct the muse for institutional digital asset adoption.
One of the vital outcomes of Ripple Prime’s launch is its impression on the adoption and utility of Ripple’s stablecoin, RLUSD. In keeping with the corporate’s announcement submit 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 one of the trusted stablecoins available in the market. 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 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 Could 2023, after which the acquisition of Normal Custody in June 2024.
Since then, the cost 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 carried out with a view to upgrade Ripple and XRP’s position because the main supplier of enterprise-grade blockchain options.
“As we proceed to construct options in direction of enabling an Web of Worth – I’m reminding you all that XRP sits on the middle of every part Ripple does.” CEO Brad Garlinghouse said in a post on X.
Featured picture from Pxfuel, chart from Tradingview.com
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