Ripple Becomes First Crypto Firm to Operate a Global Prime Broker

TLDR: Ripple finalized its acquisition of Hidden Road, launching Ripple Prime as a global multi-asset prime brokerage. Ripple Prime’s business has grown threefold since the initial announcement earlier this year, signaling fast adoption. RLUSD is now used as collateral for brokerage services, supported by BNY Mellon as its primary custodian. Ripple has completed five acquisitions [...]

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