Targeting the growing appetite among US investors for new cryptocurrency solutions, blockchain payments company Ripple announced the launch of its digital asset prime brokerage capabilities for the US market on Monday morning.
This new offering allows US institutional clients to execute instant over-the-counter (OTC) transactions across a wide range of digital assets – including XRP and the company's own dollar-pegged cryptocurrency RLUSD.
New Ripple brokerage services for US institutions
According to Ripple advertisementThe launch comes after the acquisition of Hidden Road. By combining its regulatory licenses with Hidden Road's capabilities, Ripple created Ripple Prime, which provides institutions with seamless access to foreign exchange (FX), digital assets, derivatives, swaps, and fixed income products.
this acquisition It is seen as a strategic move to facilitate institutional adoption of digital assets, especially in light of the more favorable regulatory environment under the recent Trump administration.
Furthermore, RLUSD has gained regulatory compliance under the newly enacted stablecoin bill known as the GENIUS Act, which President Trump signed into law earlier this year.
This compliance is expected to enhance institutional confidence and increase RLUSD's integration into Traditional financial operations. Michael Higgins, International CEO of Ripple Prime, commented on the launch saying:
The introduction of instant OTC execution capabilities complements our existing suite of OTC and derivatives clearing services in digital assets and enables us to provide US institutions with a comprehensive offering that fits their trading strategies and needs.
With this new feature, US Ripple Prime customers can now margin their OTC spot transactions and holdings alongside their broader digital asset portfolios, including OTC swaps, futures and options on the Chicago Mercantile Exchange (CME).
In addition to these developments, Ripple is actively pursuing a national bank charter license in the United States. This initiative places Ripple alongside other companies, such as Circle (CRCL), Coinbase (COIN), Sony Bank, Paxos, and. crypto.com (Crow).
XRP ETFs are expected soon
On the exchange-traded funds (ETF) front, market expert Nate Geraci, co-founder of the ETF Institute, said, expected On the social networking site
This comes on the heels of a five-year period of litigation between the SEC and Ripple, which ended just three months ago. Geraci believes the introduction of XRP exchange-traded funds could mark a major turning point, potentially marking an end to previous anti-crypto regulatory stances.
It is worth noting, Eight XRP ETFs They are now registered with the Depository Trust & Clearing Corporation (DTCC), indicating that these funds have entered DTCC's operational pipeline and are being actively processed for potential trading.
As of writing, XRP is trading at $2.41, representing a 4.5% decline over the past 24 hours and over 8% on the weekly time frame.
Featured image of DALL-E, chart from TradingView.com
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