Ripple

Ripple Prime, formerly Hidden Road, provides institutional clearing and portfolio financing through a single counterparty. A single supported collateral pool and cross-market margining reduce the need to fund positions separately at each venue.

Services

The full list has ten services, including cross-border payments, stablecoin payouts and fiat payouts. Collateral can be RLUSD, XRP, tokenized real-world assets or traditional collateral, in one pool across asset classes with risk-based margin. Channels named are CME, Nodal Clear, a Hyperliquid integration and ECNs.

Clients

Customer groups include businesses and banks, with seven categories in the full list. Ripple also appears under the name Hidden Road for the prime business, and the parent group is Ripple.

Integration

Documentation is published at docs.ripple.com, xrpl.org/docs and a stablecoin section, and the product page has a public contact and get-started form. The service language is English. Eligibility, fees, margin levels and the regulated entity for each product are not stated and should be requested when onboarding.