What is Ripple Prime?
Ripple Prime is an institutional-grade prime brokerage clearing $3+ trillion annually — built on the $1.25B Hidden Road acquisition, with post-trade settlement migrating to the XRP Ledger.
Ripple Prime is Ripple's institutional brokerage arm, born from the $1.25B Hidden Road acquisition. It provides clearing, custody, lending, and post-trade services to 300+ institutional clients. The big story: post-trade settlement is moving to the XRP Ledger, making XRPL the backbone of a $3T+ annual clearing operation.
| Key facts | |
|---|---|
| Based On | Hidden Road (acquired $1.25B, 2025) |
| Annual Clearing | $3+ trillion |
| Institutional Clients | 300+ |
| Services | Clearing, custody, lending, settlement |
| 2024 Revenue | $100M+ (Hidden Road) |
| Settlement Layer | Migrating to XRP Ledger |
| Collateral | RLUSD + traditional assets |
| Target Market | Institutional / Enterprise |
What is Ripple Prime?
Ripple Prime is Ripple's institutional prime brokerage platform — think of it as the "Goldman Sachs of crypto." It provides the infrastructure that large financial institutions need to trade, clear, settle, and custody digital assets at scale.
Institutional investors won't touch crypto without proper infrastructure — clearing, custody, margin, lending. Ripple Prime provides all of this, making it safe and efficient for hedge funds, banks, and asset managers to participate in digital asset markets.
Ripple Prime Services
Full-service brokerage for institutional traders including execution, clearing, and margin.
Multi-asset clearing across crypto and traditional markets, processing $3T+ annually.
Institutional-grade custody via Ripple Custody (Metaco), trusted by tier-1 banks.
Margin lending and collateral management for institutional portfolios.
Reconciliation, reporting, and settlement — migrating to XRP Ledger for speed.
RLUSD stablecoin accepted as collateral, creating new utility for Ripple's ecosystem.
How Ripple Prime Benefits XRP
Ripple is migrating Hidden Road's post-trade settlement to the XRP Ledger. This means $3+ trillion in annual clearing volume will settle on XRPL — creating massive transaction throughput and demonstrating XRPL's capability as institutional-grade infrastructure.
XRPL Settlement
Post-trade clearing moves to the XRP Ledger — proving XRPL at institutional scale
RLUSD Utility
RLUSD used as collateral in prime brokerage, driving stablecoin adoption on XRPL
XRP Liquidity
Institutional trading increases XRP market liquidity and reduces volatility
Ecosystem Growth
300+ institutional clients introduced to the XRP Ledger ecosystem
Frequently Asked Questions
What is Ripple Prime?
Ripple Prime is Ripple's institutional-grade prime brokerage service offering clearing, lending, and post-trade settlement. Built on the $1.25 billion Hidden Road acquisition, it clears over $3 trillion annually and serves 300+ institutional clients.
How does Ripple Prime relate to Hidden Road?
Ripple acquired Hidden Road in 2025 for $1.25 billion — the largest acquisition in crypto history at the time. Hidden Road's prime brokerage infrastructure became the foundation for Ripple Prime.
How does Ripple Prime use XRP and the XRPL?
Ripple is migrating Hidden Road's post-trade settlement to the XRP Ledger, leveraging XRPL's speed and low cost. RLUSD is also used as collateral within the platform.
Who can use Ripple Prime?
Institutional clients only — hedge funds, asset managers, banks, and large trading firms. It is not available to retail investors.
What does Ripple Prime offer?
Multi-asset prime brokerage including clearing, custody, financing, lending, and post-trade services across crypto and traditional assets.
Continue Learning
Institutional-Grade Infrastructure
Ripple Prime brings Wall Street-level brokerage to crypto — with settlement on the XRP Ledger.
Last updated: February 12, 2026. Written by the AllAboutXRP Editorial Team. Sources: Ripple.com, Hidden Road, BusinessWire, Financial Times.
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