Targeting the growing appetite among US investors for new cryptocurrency solutions, blockchain payments company Ripple announced the launch of its digital asset spot prime brokerage capabilities for the American market on Monday morning.

This new offering allows US-based institutional clients to execute over-the-counter (OTC) spot transactions across a wide range of digital assets—including XRP and the firm’s dollar-pegged cryptocurrency RLUSD.

New Ripple Brokerage Services For US Institutions

According to Ripple’s announcement , the launch follows the acquisition of Hidden Road. By merging its regulatory licenses with Hidden Road’s capabilities, Ripple has created Ripple Prime, which provides institutions with seamless access to foreign exchange (FX), digital assets, derivatives,

See Full Page