Ripple Launches Digital Asset Spot Prime Brokerage for the United States Market

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SAN FRANCISCO--(BUSINESS WIRE)--Nov 3, 2025--

Ripple, a financial technology company that offers crypto solutions for businesses, today announced the launch of digital asset spot prime brokerage capabilities for the United States market. U.S.-based institutional clients are now able to execute OTC spot transactions across dozens of the most prominent digital assets including XRP and RLUSD.

Following the acquisition of multi-asset prime brokerage, Hidden Road, Ripple has combined its licenses with Hidden Road’s solutions, under Ripple Prime, providing new capabilities where institutions can seamlessly access foreign exchange (FX), digital assets, derivatives, swaps, and fixed income.

"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.

With this launch, Ripple Prime’s U.S.-based clients can cross-margin OTC spot transactions and holdings with the rest of their digital asset portfolio, including OTC swaps and CME futures and options.

Hidden Road was acquired by Ripple in October 2025 and is now Ripple Prime.

About Ripple

Ripple is a financial technology company that offers crypto solutions for businesses. Ripple Payments uses blockchain to make cross-border payments faster, more transparent, and widely accessible. Ripple Custody offers customers a secure way to store and manage digital assets. Through Ripple Prime, the company offers a global, multi-asset prime brokerage for institutional customers. Ripple's stablecoin (RLUSD) and the cryptocurrency, XRP, are leveraged across these solutions to make traditional finance more efficient and enable new ways to utilize digital assets.

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CONTACT: Megan Katz

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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: BLOCKCHAIN SOFTWARE CRYPTOCURRENCY FINANCE PROFESSIONAL SERVICES TECHNOLOGY FINTECH DIGITAL CASH MANAGEMENT/DIGITAL ASSETS

SOURCE: Ripple

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PUB: 11/03/2025 08:00 AM/DISC: 11/03/2025 08:01 AM

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