Ripple is enhancing its institutional offerings by introducing XRP and RLUSD as collateral for professional clients. Following its $1.25 billion acquisition of Hidden Road, Ripple now operates Ripple Prime, a global multi-asset prime broker. This platform serves over 300 institutions and clears $3 trillion annually. Senior executive Reece Merrick highlighted that this move aims to broaden access to multi-asset trading and clearing, marking a significant development in crypto liquidity and market connectivity.
Ripple Expands Institutional Services with XRP and RLUSD as Collateral
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
