Ripple Prime Redefines Institutional Finance Through Blockchain Integration
The race to modernize institutional finance through blockchain technology is accelerating as major crypto companies strive to integrate traditional market services into the digital infrastructure. Ripple announced on October 24 that it has finalized its acquisition of the non-bank prime broker Hidden Road, renaming it Ripple Prime. The deal positions Ripple as the first cryptocurrency company to own and operate a global multi-asset prime brokerage, providing services covering digital assets, foreign exchange, derivatives, swaps, and fixed income products. The acquisition also reflects the company's broader strategy to expand institutional access to blockchain-based financial services.
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Ripple Prime Redefines Institutional Finance Through Blockchain Integration
The race to modernize institutional finance through blockchain technology is accelerating as major crypto companies strive to integrate traditional market services into the digital infrastructure. Ripple announced on October 24 that it has finalized its acquisition of the non-bank prime broker Hidden Road, renaming it Ripple Prime. The deal positions Ripple as the first cryptocurrency company to own and operate a global multi-asset prime brokerage, providing services covering digital assets, foreign exchange, derivatives, swaps, and fixed income products. The acquisition also reflects the company's broader strategy to expand institutional access to blockchain-based financial services.