On the auspicious day of Friday last, Ripple Labs did proclaim the grand unveiling of its latest venture, “Prime Time,” following its acquisition of Hidden Road. A most fitting rebranding shall occur, and lo! The company shall now be known as Ripple Prime. The acquisition, now a confirmed fact, shall allow Ripple Labs to stand as the first blockchain payment company in the world to operate as a global, multi-asset prime broker. One can hardly contain their excitement, can they? 😏
How Ripple Prime Is Expected To Enhance RLUSD’s Utility
The acquisition has been proclaimed by many as a most logical step, propelled by the undeniable synergies between Ripple and Hidden Road. This move is expected to expedite the institutional adoption of digital assets, a notion most warmly embraced under the favorable regulatory environment brought forth by the Trump administration. Truly, how could one not be swept away by such favorable winds? 🌬️
Ripple’s already impressive digital asset infrastructure, including payment solutions, crypto custody, and stablecoin services, shall now be greatly expanded under Ripple Prime’s watchful eye. One imagines a future where blockchain technology is harnessed to streamline operations and reduce costs-such grandeur, such ambition! 🤩
As for Ripple’s stablecoin, RLUSD, the acquisition is said to herald great things indeed. Its utility and reach are expected to flourish like a garden in the spring. Currently, RLUSD is utilized as collateral for a variety of prime brokerage products, with certain derivative clients opting to hold their balances in RLUSD. This trend, we are assured, shall grow with time. After all, what could possibly go wrong? 😏
RLUSD, already in the good graces of the GENIUS Act-a stablecoin bill signed into law by President Trump-has won the trust of many esteemed institutions, offering it a most assured integration into traditional financial operations. How very… assured. 😉
In July, RLUSD was praised for its stability, governance, and asset backing, earning a most respectable ‘A’ rating from Bluechip. And lo and behold, Ripple has announced that The Bank of New York Mellon Corporation (BNY) shall act as the primary reserve custodian for RLUSD. Surely, this signals a new golden age for the stablecoin, no? 🏆
Five Major Acquisitions Over Two Years
This acquisition marks only the latest of five such bold and strategic purchases by Ripple in the past two years. Other notable additions include GTreasury, the treasury management system provider, the stablecoin-based payment platform Rail, Standard Custody, and Metaco. Truly, Ripple has shown a most impressive taste for acquisitions. 🛒
Ripple is, of course, not content to rest on its laurels. It is also pursuing approval for its national bank charter license in the United States, joining a list of notable firms such as Circle (CRCL), Coinbase (COIN), Sony Bank, Paxos, and Crypto.com, all of whom are seeking approval from the US Office of the Comptroller of the Currency (OCC). A busy season indeed. 📜
As of the latest report, XRP has seen a rise in value, reaching toward $2.70-a 3% increase on the day. Alas, it still records monthly losses of 16%, remaining a full 32% below its all-time high of $3.65, which was reached earlier this year. Such is the unpredictable nature of the market, one must say. 😅
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2025-10-25 12:14