Ripple has completed the acquisition of the brokerage Hidden Road and renamed it Ripple Prime

ChainCatcher news, according to Coindesk, Ripple has completed the acquisition of the brokerage Hidden Road and renamed it Ripple Prime, providing integrated services for institutions that include trading, financing, and clearing.

Ripple stated that since the announcement of the transaction, Prime's business has doubled, serving over 300 institutions with a clearing amount exceeding $3 trillion. Some clients will be able to use the stablecoin RLUSD as collateral, and Ripple plans to expand its influence through the new division.