Ripple is solidifying its position as one of the key players in the U.S. institutional crypto market, offering a full suite of services, from custody to trading and payments in digital assets.
FinTech company Ripple, one of the world’s largest providers of institutional blockchain solutions, officially launched its U.S.-based digital brokerage platform, Ripple Prime, designed for executing over-the-counter (OTC) spot transactions with digital assets. At the same time, Ripple completed the acquisition of Palisade, a custody technology provider, enabling the company to offer a full cycle of services for the storage, trading, and management of digital assets for banks, corporations, and crypto firms.
The launch of Ripple Prime follows Ripple’s acquisition of prime broker Hidden Road in October 2025. The new platform integrates Hidden Road’s licenses and technologies, giving institutional clients in the U.S. access to operations in FX, digital assets, derivatives, swaps, and debt markets. Users can now execute OTC spot trades with a range of major digital assets, including XRP and RLUSD, as well as utilize cross-margining with other positions, such as swaps or CME futures.
According to Michael Higgins, International CEO of Ripple Prime, the introduction of OTC spot services complements Ripple’s existing suite of derivative products, providing U.S. institutions with “a comprehensive offering to suit their trading strategies and needs.”
In parallel, Ripple strengthened its custody capabilities through the acquisition of Palisade, a company specializing in digital asset custody and management technologies. The integration of Palisade’s solutions enables Ripple to provide clients with secure and scalable Wallet-as-a-Service infrastructure for fast fund transfers, on- and off-ramp operations, and corporate payments.
Ripple Custody now combines bank-grade vaults with Palisade’s lightweight architecture, ensuring both speed and security. The solution supports multi-chain storage, DeFi integration, multi-party computation (MPC), and zero trust architecture. Among Ripple Custody’s clients are leading global banks such as Absa Bank, BBVA, DBS, and Société Générale.
Ripple President Monica Long emphasized that “secure digital asset custody unlocks the crypto economy and is the foundation that every blockchain-powered business stands on.” According to her, the corporate sector is becoming the new driver of crypto adoption, and Ripple aims to be the primary partner for businesses seeking licensed, ready-to-deploy blockchain solutions.
Ripple is actively expanding its U.S. presence in 2025. Alongside Hidden Road and Palisade, the company acquired the Rail stablecoin platform and the GTreasury treasury management system. In recent years, Ripple invested around $4 billion in developing the global crypto ecosystem, holding over 75 regulatory licenses worldwide.
Globally, Ripple continues its expansion drive. In 2025, the company grew its presence across Africa, strengthened its position in the Middle East through a partnership with Bahrain’s leading FinTech incubator and participation in Dubai’s real estate tokenization initiative, signed a cooperation agreement with Spanish banking giant BBVA, and launched several large-scale educational initiatives across the Asia-Pacific (APAC) region — just a fraction of Ripple’s expanding portfolio of projects.
