Key insights:
- Ripple Prime joined DTCC divisions after Ripple completed Hidden Road’s $1.25 billion acquisition during October 2025.
- NSCC added Ripple Prime with clearing broker code 0443 and executing broker code HRFI during March 2026.
- FICC processes over $11 trillion daily while NSCC handles more than $2 quadrillion yearly transactions.
- Ripple Prime may support XRPL settlement services and institutional post-trade activity within traditional finance networks.
Ripple expanded its presence in traditional finance after Ripple Prime joined key units within the Depository Trust & Clearing Corporation. The move followed Ripple’s acquisition of Hidden Road for $1.25 billion in 2025.
Ripple Prime, formerly Hidden Road, gained access to the DTCC system through two divisions. The company entered the Fixed Income Clearing Corporation Government Securities Division in March 2025. Later, it joined the National Securities Clearing Corporation directory in March 2026.
The development places Ripple among firms connected to major U.S. market clearing operations. The DTCC handles clearing and settlement for a large share of U.S. securities trades.
Ripple Prime Expands Access to DTCC Clearing Services
Hidden Road joined the FICC Government Securities Division on March 14, 2025. The firm received participant number 9388 and entered the U.S. Treasury clearing network. The division processes more than $11 trillion in Treasury trades each day.
Ripple announced the Hidden Road acquisition in April 2025. The deal closed in October 2025, and Hidden Road later rebranded as Ripple Prime. The company then appeared in the NSCC Market Participant Identifiers Directory on March 2, 2026.
The NSCC processes over $2 quadrillion in transactions annually. It clears and settles a wide range of securities trades across U.S. financial markets. Ripple Prime received clearing broker code 0443 and executing broker code HRFI.
The DTCC acts as core infrastructure for U.S. capital markets. It supports settlement and clearing services for brokers, banks, and financial institutions. Major firms, including Goldman Sachs, JPMorgan Chase, and Morgan Stanley, operate within the same system.
XRP Ledger Connection Draws Attention from Market Participants
RippleXity stated that Ripple Prime could clear over-the-counter trades through the NSCC. The account also stated that the firm could participate in Treasury repo netting and GCF Repo transactions. The report added that Ripple Prime may settle trades through the XRP Ledger. It also claimed the company could route institutional post-trade activity onto the XRPL network.
The post referenced DTCC plans to tokenized assets, including Russell 1000 stocks, exchange-traded funds, and U.S. Treasuries. According to the report, those plans could roll out within 50 weeks from late March 2026.
Market participants continue to monitor blockchain use in traditional finance systems. Financial firms have explored tokenized assets and faster settlement systems in recent years. XRP supporters view Ripple Prime’s DTCC access as another step toward broader blockchain integration in financial markets.
