Following the closure of Hidden Road acquisition, Prime Brokerage, Clearing, and Financing Platform, Ripple Prime, Now Supports All Major Digital Asset Product Types in U.S.
Ripple, a financial technology company that offers crypto solutions for businesses, 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.
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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.
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