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 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.

EDX Markets operates a spot trading venue, while EDXM International runs a perpetual futures exchange. 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.”

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.

This article was written by Tareq Sikder at www.financemagnates.com.Institutional FXRead More

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