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Techub News, according to crypto.news, Ripple's brokerage division Ripple Prime has secured a credit facility of up to $200 million from Neuberger Berman, aimed at expanding margin trading services for institutional investors, covering multiple markets including crypto assets, equities, fixed income, and foreign exchange. The financing facility was arranged by Neuberger Berman's specialty finance team and allows funds to be drawn based on the borrowing needs of institutional clients. This move follows Ripple's $1.25 billion acquisition of Hidden Road and represents the latest step in expanding its institutional brokerage services, with the goal of supporting multi-asset class trading through a single credit structure.
Techub News, according to an announcement by the Depository Trust & Clearing Corporation (DTCC), the institution has added Ripple Prime to its Tokenization Services Working Group. It plans to collaborate with over 50 financial institutions to develop the service, with a small-scale test scheduled for July 2026 and an official launch in October. The working group also includes traditional financial institutions and DeFi entities such as Bank of America, Citigroup, JPMorgan, Goldman Sachs, BlackRock, and Circle. DTCC stated that the service will support real-world assets such as stocks, precious metals, and bonds to exist on the blockchain in the form of digital tokens, and will ensure cross-chain interoperability. Ripple Prime is the prime brokerage business established after Ripple acquired Hidden Road.
Techub News reports that DriveWealth and Ripple have announced a collaboration to integrate stablecoins, payments, liquidity, custody, and prime brokerage services into their global investment infrastructure. The partnership includes integrating RLUSD stablecoin settlements on the XRP Ledger in Europe, with plans to expand to the United States; simultaneously integrating Ripple Payments to support cross-border collections; and advancing digital asset custody in Europe. Both parties will also explore stock financing with Ripple Prime. (Ripple press release)
Techub News reports, according to CoinDesk, Ripple announced that institutional clients of its clearing platform Ripple Prime can now trade all crypto futures products listed on Coinbase Derivatives, including futures contracts for Bitcoin, Ethereum, Solana, and XRP, cleared by the U.S. clearing agency Nodal Clear. This expansion builds upon the futures commission merchant and prime broker Hidden Road, which Ripple acquired last year for $1.25 billion. This business is now integrated as Ripple Prime, offering brokerage, clearing, and financing services across multiple asset classes.
Techub News reports that Ripple Labs has completed the acquisition of institutional brokerage firm Hidden Road, which has been officially renamed to Ripple Prime. The company previously provided services such as clearing, prime brokerage, foreign exchange (FX), digital assets, derivatives, swaps, and fixed income financing to institutions. This transaction signifies that Ripple has become the first cryptocurrency company to own and operate a global multi-asset prime broker. Since the acquisition, Ripple Prime's business scale has increased by approximately 3 times, and the company stated that it will further promote the application and coverage of its stablecoin RLUSD in the future, with some derivatives clients already starting to use RLUSD as collateral.
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