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Brief
Multi-asset prime broker for institutional clients across FX, digital assets, derivatives, swaps, and fixed income. Acquired by Ripple for $1.25B in April 2025 (closed October 24, 2025), rebranded Ripple Prime. Clears $3T+ annually across 300+ institutional customers. Uses Ripple's RLUSD as collateral, migrating post-trade activity to XRP Ledger. Business tripled in size post-acquisition.
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Recent activity
Latest moves on the changelog feed.
- Apr 5, 2026WIRED
Hidden Road → BUIDL. Margin collateral via triparty custody.
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Snapshot
Key terms and identifiers.
- Regulatory
- sec-reg-d
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Milestones
How this player got here.
- Apr 2026Hidden Road → BUIDL. Margin collateral via triparty custody.
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Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
