- Ripple Prime’s inclusion in the NSCC Directory connects Ripple’s brokerage operations to Wall Street’s clearing system.
- XRP Community members consider the listing a move towards routing post-trade institutional activity on the XRP Ledger.
Ripple, the former Hidden Road and prime brokerage of the Blockchain payments company has registered with the National Securities Clearing Corporation’s Market Participants Identifiers Directory (MPIDs).
The Depository Trust and Clearing Corporation(DTCC), parent company of NSCC, announced the update via an announcement. This update has sparked debate in the XRP Community. Ripple is credited with a major breakthrough when it comes to linking traditional finance systems to blockchains.
Integrating the integration of #Ripple Hidden Road climbs on.
Hidden Road ($HRFI), as per the latest DTCC notification, is set to be added to NSCC’s directory on March 2, 2020. Ripple prime’s role in bridging TradFi to DeFi may move post-trade volumes over to XRPL. pic.twitter.com/H9qwav3fLO
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) March 2, 2026
You can also read about us reportedRipple bought Hidden Road last October for $1.25billion and renamed the company Ripple prime. The acquisition made it the first cryptocurrency-related company to establish and operate a global-scale multi-asset prime broker. Hidden Road cleared approximately $3 trillion in annual clearing across diverse markets on behalf of more than 300 institutions. Ripple Prime is now listed on the NSCC, which provides a framework for centralized settlement and clearing of trades between brokers in U.S. Securities Markets.
NSCC (a division of DTCC) offers central counterparty, clearing and settlement services, as well as risk management for corporate bonds and equity transactions. Companies that are listed on the MPIDs list have an accreditation status for Wall Street Institutions’ post-trade procedures.
Former CTO David Schwartz noted The DTCC still uses the Hidden Road title. The listing was likely started before the purchase was complete because regulatory approvals had not been received.
XRP community reacts to the Ripple Prime NSCC listing
After the confirmation was made, members of XRP’s community expressed their thoughts on various social media platforms. Users described the listing of Ripple Prime as evidence that Ripple Prime is now directly operationally connected to legacy clearing. Some comments suggested that integration would allow institutional transactions to be able to interact with legacy infrastructure. XRP Ledger (XRPL), Depending on the way a company organizes its post-trade process.
Ripple said that Hidden Roads’ post-trade activity will migrate to XRPL. Blockchain-based settlement, according to the company’s claims, would reduce operating expenses and improve transaction speeds. They would then implement institutional settlement on the XRPL where XRP is the native asset to manage transaction fees and charge transaction costs.
NSCC’s inclusion in its directory is not a sign that the NSCC uses XRPL. Ripple Prime is able to operate within the established clearing framework. Platform, which was recently integrated Hyperliquid would need to enter into agreements with counterparties in order to move post-trade activities onto XRPL.
After a dip of 17% in the past 30 days, the XRP has now recovered. As of the time this article was published, XRP’s price stood at $1.39, A 1.68% The support levels and the rise 3% In the last seven days, you have gained.
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Source: crypto-news-flash.com
