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Ripple Launches US Spot Prime Brokerage for Institutional Clients

New platform enables OTC spot trading for XRP, RLUSD, and other major digital assets, expanding Ripple's institutional services in the US.

November 3, 2025

Ripple Launches US Spot Prime Brokerage for Institutional Clients

Companies mentioned:

Quick Take
  • Ripple launched a US-based spot prime brokerage for institutional clients.
  • The platform, Ripple Prime, offers OTC trading for digital assets like XRP and RLUSD.
  • This expands Ripple's services for institutional clients in the US.

Ripple has launched Ripple Prime, a digital asset spot prime brokerage service for its US institutional clients.

The new platform allows for over-the-counter (OTC) spot trading of prominent digital assets, including XRP and the company's stablecoin, RLUSD.

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The acquisition of Hidden Road, finalized in October 2025, has been a key catalyst for this enhancement. Hidden Road, now fully integrated as Ripple Prime, brings robust prime brokerage, clearing, and financing tools to the table. This synergy allows Ripple to support all major digital asset product types in the U.S., addressing a growing demand from institutional players for efficient, compliant, and versatile trading solutions.

"The launch of OTC spot execution capabilities complements our existing suite of OTC and cleared derivatives services in digital assets and positions us to provide U.S. institutions with a comprehensive offering to suit their trading strategies and needs,"
said Michael Higgins, International CEO, Ripple Prime.

Read More:
https://ripple.com/ripple-press/ripple-launches-digital-asset-spot-prime-brokerage-for-the-united-states-market/

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