Ripple has integrated its prime brokerage platform, Ripple Prime, with the spot and derivatives venues operated by EDX Markets and EDXM International. The integration expands institutional access to digital asset liquidity across spot and perpetual futures markets through a unified prime brokerage framework.

The development follows Ripple’s $1.25 billion acquisition of Hidden Road in April last year. The deal gave Ripple ownership of a global, multi-asset prime brokerage business and positioned it among the few crypto-native firms operating in the sector.

Hidden Road provides clearing, prime brokerage, and financing services across foreign exchange, digital assets, derivatives, swaps, and fixed income markets, forming the foundation of Ripple’s Ripple Prime platform.

Ripple Links Spot and Futures Venues

The latest integration enables Ripple Prime clients to access EDX liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term through a single structure that includes credit intermediation, net settlement, and collateral management services. The setup is intended to improve capital efficiency for institutional participants operating across fragmented digital asset markets.

• Ripple Taps $200 Million Credit Line for Rebranded Hidden Road Prime Brokerage
• Ripple Seeks Australian License as It Expands Regulatory Footprint
• Ripple Gets FCA Green Light for UK Payments via Local Unit, but with Tight Limits

EDX Markets operates a spot trading venue, while EDXM International runs a perpetual futures exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term. Both venues are positioned as institutional-focused markets with price discovery functions and a non-conflicted structure aligned with traditional financial market design.

Michael Higgins, International CEO of Ripple Prime, said the integration supports partnerships with venues offering “a secure, liquid bridge between traditional and digital markets.” He added that EDX delivers “the performance, reliability, and depth that our clients expect.”

‼️ RIPPLE JUST PARTNERED WITH THE NEXT MAJOR SWITCH FOR THE ENTIRE CRYPTO SPHERE ‼️

Ripple Prime has just integrated with EDX Markets.🤝

This is a major development that all eyes should be on.🔒

Here’s why:

EDX Exchange is backed by Wall Street giants like Charles Schwab,… pic.twitter.com/Ypp0M9w4SN

— SMQKE (@SMQKEDQG) May 19, 2026

EDX Eyes Stablecoin Collateral Expansion

The companies also said the partnership lays the groundwork for potential integration of Ripple USD, Ripple’s US dollar-backed stablecoin, as a settlement and collateral asset on EDX. If implemented, it would allow institutional clients to use RLUSD for margin and collateral management across spot and derivatives trading.

Tony Acuña-Rohter, CEO of EDX Markets, said institutions are seeking infrastructure that combines “the operational rigor of traditional finance with the innovation and efficiency of digital assets.” He said the integration expands access to “deep, transparent liquidity” across spot and perpetual futures markets.