u.today
In a recent tweet, Ripple Prime CEO Mike Higgins highlights an important milestone for Ripple Prime following its NSCC directory listing.
Higgins was responding to a tweet by $XRP enthusiast "BankXRP," which indicated that Hidden Road (now Ripple Prime) was scheduled to go live on the NSCC directory on March 2, 2026.
"The integration of Ripple and Hidden Road continues to scale. The latest DTCC notice shows Hidden Road (HRFI) officially going live on the NSCC directory March 2, 2026," the tweet read.
"Ripple Prime's role in bridging TradFi and DeFi will likely move post-trade volume to the $XRP Ledger," BankXRP added.
Higgins described this as an important milestone for Ripple Prime, saying that the NSCC directory listing places it inside core clearing infrastructure to support more efficient, reliable capital markets at scale. Amid this key achievement, Higgins touts Ripple Prime as the largest global nonbank prime broker, integrated directly into digital asset and traditional venues around the world.
Important milestone for Ripple Prime. NSCC directory listing places us inside core clearing infrastructure to support more efficient, reliable capital markets at scale. Today, Ripple Prime is the largest global non-bank prime broker, integrated directly into digital asset and…
— Mike Higgins (@mikehiggins) March 4, 2026
In 2025, Ripple completed its acquisition of Hidden Road, now called Ripple Prime, making it the first crypto company to own and operate a global, multi-asset prime broker. RLUSD is being used as collateral for a number of prime brokerage products on Ripple Prime, enhancing its utility and reach as well as the use of $XRP.
In February, Ripple announced support for Hyperliquid, increasing institutional access to on-chain liquidity. This integration enables institutional clients to access on-chain derivatives liquidity while cross-margining decentralized finance (DeFi) exposures with all other asset classes supported by Ripple Prime, including digital assets, FX, fixed income, OTC swaps and cleared derivatives.
Wrapped $XRP to gain institutional momentum
$XRP Ledger native yield provider Doppler Finance announced today a collaboration with Hex Trust to increase Wrapped $XRP (wXRP)'s institutional-grade use cases and to support the advancement of $XRP-based financial infrastructure across several blockchains.
Hex Trust will provide institutional custody and infrastructure ability to help ensure that wXRP-related products are built with regulated custody standards, which are needed for institutional participation.