4 articles tagged with #hidden-road. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
The article highlights how institutional cryptocurrency adoption is increasingly flowing through prime brokerages that maintain traditional finance custody standards. Ripple's $1.25 billion acquisition of Hidden Road exemplifies this permanent shift toward established financial infrastructure in the crypto space.
Ripple has quietly integrated into Wall Street's clearing infrastructure through DTCC's National Securities Clearing Corporation, with its Hidden Road Partners entity appearing in the MPID directory for OTC trading. This development suggests Ripple is positioning itself to bridge traditional financial rails with blockchain networks as part of its XRP payments platform expansion.
Ripple's institutional brokerage platform Hidden Road (now Ripple Prime) has been officially listed in the DTCC's National Securities Clearing Corporation directory, marking the first time a crypto company has embedded itself into Wall Street's core infrastructure. This development allows Ripple Prime to process over-the-counter trades through the NSCC's centralized clearing system, potentially driving significant blockchain activity if institutional volume moves to XRP Ledger-based settlement systems.
Hidden Road, now rebranded as Ripple Prime, has been officially added to the National Securities Clearing Corporation (NSCC) directory according to a DTCC notice. This development represents a significant milestone for XRP Ledger's institutional adoption and has generated optimism within the XRP community.
