The announcement by Ripple's UK and Europe Managing Director, Cassie Craddock, comes as XRP has risen 3% in the past day.
Recently, Ripple bought Hidden Road for $1.25 billion, becoming the first crypto company with a multi-asset prime broker.
The lines between decentralized finance and
traditional finance continue to blur. Ripple's XRP Ledger (XRPL) is at the
center of a new attempt to integrate blockchain into institutional
trading.
In a significant move, Ripple recently confirmed that XRPL will
play a core role in powering Hidden Road's post-trade processes, marking a
potential turning point for how trades are settled in prime brokerage.
XRPL to Power $10B in Daily Transactions
Ripple's UK and Europe Managing Director, Cassie Craddock, has revealed that XRPL will manage the post-trade infrastructure for Hidden Road, a prime broker handling over $10 billion in daily cleared volume.
According to Craddock, the ledger will support trade
settlement, data reconciliation, and collateral movements. This integration is
expected to drastically cut settlement times, from the standard 24 hours to
just 3 to 5 seconds.
Commenting on the usage, Craddock added, “We also see that there is an active audience of 300 institutional clients. We are very much focused on building our business, developing new cases and utility for digital assets, and enabling and solving customer problems for our banking and
institutional customers.”
Ripple's RLUSD Stablecoin Gains Strategic Role
Beyond infrastructure, Ripple's RLUSD stablecoin will
serve as the core collateral for Hidden Road's trading services. Craddock
confirmed this role, saying RLUSD enables the bridging of the digital
asset space to TradFi, highlighting Ripple's broader ambition to
integrate stable digital value into traditional financial ecosystems.
“The XRP Ledger will be used as post-trade for
all of Hidden Road's Prime Brokerage Services,” Craddock mentioned. “We will use RLUSD as collateral to enable the bridging of digital assets
to tradfi.”
As observers wait for
more on-chain data and formal rollout timelines, the collaboration hints at how
Ripple aims to navigate a post-lawsuit focused on speculation, more anchored in
institutional-grade utility.
Source: CoinMarketCap
While Ripple gains institutional traction, XRP’s price
paints a more complex picture. Trading at $2.11 with a daily gain of 3%, the
token sits at a technical crossroads. Volume has jumped 43% to 2.29 billion in
the last 24 hours.
Technically, XRP is trading at a key price resistance
level of $2.12, according to TradingView data. Past this level, the next price
resistance level is $2.62. The road to XRP reaching $10 depends on how fast Ripple Labs' offering is adopted by both institutional and retail users.
The lines between decentralized finance and
traditional finance continue to blur. Ripple's XRP Ledger (XRPL) is at the
center of a new attempt to integrate blockchain into institutional
trading.
In a significant move, Ripple recently confirmed that XRPL will
play a core role in powering Hidden Road's post-trade processes, marking a
potential turning point for how trades are settled in prime brokerage.
XRPL to Power $10B in Daily Transactions
Ripple's UK and Europe Managing Director, Cassie Craddock, has revealed that XRPL will manage the post-trade infrastructure for Hidden Road, a prime broker handling over $10 billion in daily cleared volume.
According to Craddock, the ledger will support trade
settlement, data reconciliation, and collateral movements. This integration is
expected to drastically cut settlement times, from the standard 24 hours to
just 3 to 5 seconds.
Commenting on the usage, Craddock added, “We also see that there is an active audience of 300 institutional clients. We are very much focused on building our business, developing new cases and utility for digital assets, and enabling and solving customer problems for our banking and
institutional customers.”
Ripple's RLUSD Stablecoin Gains Strategic Role
Beyond infrastructure, Ripple's RLUSD stablecoin will
serve as the core collateral for Hidden Road's trading services. Craddock
confirmed this role, saying RLUSD enables the bridging of the digital
asset space to TradFi, highlighting Ripple's broader ambition to
integrate stable digital value into traditional financial ecosystems.
“The XRP Ledger will be used as post-trade for
all of Hidden Road's Prime Brokerage Services,” Craddock mentioned. “We will use RLUSD as collateral to enable the bridging of digital assets
to tradfi.”
As observers wait for
more on-chain data and formal rollout timelines, the collaboration hints at how
Ripple aims to navigate a post-lawsuit focused on speculation, more anchored in
institutional-grade utility.
Source: CoinMarketCap
While Ripple gains institutional traction, XRP’s price
paints a more complex picture. Trading at $2.11 with a daily gain of 3%, the
token sits at a technical crossroads. Volume has jumped 43% to 2.29 billion in
the last 24 hours.
Technically, XRP is trading at a key price resistance
level of $2.12, according to TradingView data. Past this level, the next price
resistance level is $2.62. The road to XRP reaching $10 depends on how fast Ripple Labs' offering is adopted by both institutional and retail users.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
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