Ripple Prime is positioning itself at the forefront of Wall Street 2.0, an evolution toward 24/7 blockchain-powered infrastructure. The $1.25 billion acquisition of Hidden Road in October forms the foundation for this expansion, with revenues tripling year-over-year. The company recently secured a $200 million debt facility from Neuberger Specialty Finance to boost its margin financing capacity. Ripple Prime uses RLUSD, a U.S. dollar-backed stablecoin, to offer around-the-clock collateral management, unlike traditional banking hours. CEO Michael Higgins stated that the largest market makers in U.S. equities and foreign exchange are no longer banks, and that Ripple Prime holds a significant technological edge.
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