Ripple Prime Targets XRPL Migration After Hidden Road Appears on DTCC NSCC List

On March 2, Ripple's recently acquired prime brokerage unit Hidden Road was added to the DTCC's National Securities Clearing Corporation directory, paving the way to route institutional post-trade volume onto the XRP Ledger. The $1.25 billion acquisition closed in late October and the firm was rebranded as Ripple Prime, which plans to use XRPL's speed and low costs and is already deploying the RLUSD stablecoin as collateral in various prime brokerage products.