Ripple, a digital asset service provider, has announced the launch of digital asset spot prime brokerage capabilities for the United States market. In a blog post, Ripple confirmed the development, noting that US-based institutional clients can now execute OTC spot transactions across dozens of the most prominent digital assets, including XRP ($2.30) and RLUSD ($1.00).

It’s worth noting that with the acquisition of this multi-asset prime brokerage, Hidden Road, Ripple has combined its license with Hidden Road’s solutions under Ripple Prime. This means the digital asset provider can now offer institutions new capabilities that enable them to seamlessly access foreign exchange (FX), digital assets, derivatives, swaps, and fixed income.

Michael Higgins, CEO of Ripple Prime International, has shared insights on the company’s latest developments. He explained that launching OTC spot execution capabilities complements Ripple’s existing OTC suite, enhancing their offerings. Higgins also mentioned that the introduction of cleared derivatives services in digital assets positions Ripple to better serve U.S. institutions with a comprehensive range of trading options tailored to their strategies and requirements.

This new launch allows Ripple Prime’s U.S.-based clients to cross-margin OTC spot transactions and holdings alongside their entire digital asset portfolio, including OTC swaps and CME futures and options. Notably, Ripple Prime, formerly known as Hidden Road was acquired by Ripple in October 2025.

Ripple partners with Absa

Just last month, the digital asset firm partnered with Absa, a prominent South African bank, in its first major custody partnership in Africa. This collaboration enables South Africa to leverage Ripple’s institutional-grade infrastructure, providing scalable and secure storage for cryptocurrencies and tokenized assets.

Additionally, in September, it invested $25 million in two leading nonprofits, Action Opportunity Fund and Hire Heroes USA. The investment, made in Ripple’s USD-backed stablecoin RLUSD, aimed to expand access to capital for underserved small business owners and create career pathways for veterans and military personnel.

Still in September, Ripple collaborated with BBVA to offer crypto services to Spanish residents. Through the partnership, the Spanish bank implemented Ripple Custody, and its institutional-grade digital asset self-custody technology to provide a reliable and scalable custody service for tokenized assets, such as crypto-assets. The partnership also made it possible for institutions like BBVA to confidently respond to customer demand for access to crypto and other digital assets.

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