Ripple Launches Prime Brokerage Service to Fuel Institutional Adoption of XRP

Ripple has made a significant move into the institutional finance space, launching its prime brokerage service under the name Ripple Prime. This signals a strategic expansion beyond payments and positions Ripple to compete directly with traditional financial institutions. Ripple’s new service leverages its acquisition of Hidden Road and integrates it with the XRP Ledger (XRPL) and RLUSD to provide a unified platform for large-scale trading infrastructure.