Announced on April 8, the deal allows Ripple to run a global, multi-asset prime broker for the first time. Hidden Road currently clears more than US$3 trillion per year across more than 300 . Ripple plans to scale on this basis to provide streamlined services using its blockchain-based infrastructure.
Ripple CEO Brad Garlinghouse emphasized that Hidden Road will start settling part of its trades through the XRP Ledger (XRPL). The company will also leverage Ripple’s RLUSD stablecoin, which was released in December 2024, as collateral. This integration will reduce settlement times significantly by substituting fiat rails with real-time blockchain settlement.
“This transaction represents a one-time chance for crypto to gain entry into the largest and most trusted legacy markets,” remarked Garlinghouse on X in the following post:
