Ripple Prime Goes Live on DTCC. Here’s What It Means for XRP
Something significant just happened in the world of institutional finance. The National Securities Clearing Corporation (NSCC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC), officially activated Hidden Road Partners CIV US LLC as a self-clearing member of its Market Participant Identifiers (MPID) Directory.
The DTCC revealed this in an operational notice on June 18. June 26, 2026, was the firm’s First Trade Date. Hidden Road is now Ripple Prime. Ripple acquired the global prime brokerage platform for $1.25 billion and rebranded it.
The NSCC listing still carries the legacy name, but the alpha identifier tells the real story: RIPL, numeric code 2152.
Ripple Prime Is Now Working Inside DTCC Infrastructure
This is not a partnership or a pilot program. Ripple Prime now holds direct membership in the NSCC clearing system. It serves as both the clearing broker and the executing broker for its OTC trades, meaning it does not rely on a third party to process settlements.
Crypto enthusiast Kenny Nguyen posted the DTCC notice on X, celebrating the launch. The road to today’s milestone began exactly one year ago, as the same DTCC notice shows that Hidden Road’s First Trade Date for OTC Comparison, Obligation Warehouse, and ACATS services was June 26, 2025. Today’s NSCC MPID listing represents the next stage of that operational buildout.
🚨 🚨 BREAKING NEWS:
DTCC + RIPPLE PRIME IS NOW LAUNCH.. 🚀 🚀 🚀 🚀 🚀 🌙
BOOOOOOM! 🔥 🔥 🔥 🔥 🔥 #XRP 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎
— Kenny Nguyen (@mrnguyen007) June 26, 2026
What Does This Mean for XRP?
Ripple has stated its intention to migrate post-trade activity to the XRP Ledger (XRPL). With Ripple Prime now operating as a self-clearing member inside the DTCC’s infrastructure, that pathway becomes a live operational reality rather than a forward-looking plan.
As a self-clearing prime broker within the NSCC, Ripple Prime processes OTC securities trades through the DTCC’s centralized system. Ripple has indicated it plans to use XRPL to handle settlement on the back end. If executed, this would route institutional trade volume through the XRP Ledger at scale.
This development also connects to Ripple’s participation in the DTCC’s tokenization initiative, a project exploring how blockchain technology can modernize post-trade processes in traditional securities markets. Ripple’s presence in the DTCC infrastructure strengthens its position within that project.
A Year in the Making
The notice confirmed Hidden Road’s entry into OTC Comparison, Obligation Warehouse, and ACATS services in June 2025. Today, the firm has advanced to full self-clearing status. Ripple has now built a regulated, operational presence inside the same infrastructure that processes trillions of dollars in U.S. securities trades each year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As global tungsten prices surge, U.S. mining company Almonty Industries (ALM.US) quickly acquires a tungsten mine in Rwanda to ease supply shortages.
U.S. mining company Almonty Industries has signed a tungsten mining agreement in Rwanda, expanding Western supply.
Novo Nordisk (NVO.US) renamed to "Novo" for a fresh start—Can multi-line breakthroughs dispel the shadow over its stock price?
Danish pharmaceutical company Novo Nordisk (NVO.US) has launched a comprehensive rebranding centered around the shorter name "Novo." The company will use "Novo" in daily brand promotion, but its legal name will remain Novo Nordisk A/S.
High interest rates are not the "end" of US stocks? Is profitability the real key?
JPMorgan believes that profit growth is the key factor determining the resilience of U.S. stock valuations. Data since 1950 shows an "inverted U-shaped" relationship between the 10-year U.S. Treasury yield and S&P 500 valuations. Based on current profit levels, yields would need to reach about 5%-6% to significantly compress valuations. As long as profit growth remains above 15%, there is still room for valuations to be re-rated. If the yield curve steepens in a bear market, cyclical sectors such as energy and financials will benefit more; if it flattens, technology stocks will have a relative advantage.
Crypto prices
More
