Ripple Prime, formerly known as Hidden Road, has been shortlisted for multiple ‘Prime Broker of the Year’ awards at the Hedge Week US Awards 2026, including Client Service, Specialist Markets, Start-up & Emerging Managers, and Technology categories. Acquired by Ripple in April 2025, the firm ranks among the largest non-bank prime brokers globally, clearing over $3 trillion annually for more than 300 institutional clients. Revenue has more than tripled since the acquisition, driven by the RLUSD stablecoin enabling 24/7 collateral movement and cross-margining across asset classes, which can reduce a $12.5 million margin requirement to approximately $1 million. Ripple Prime also secured a $200 million debt facility from Neuberger Berman in the second quarter.
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