– Ripple explores XRP integration within newly rebranded Ripple Prime brokerage
– RLUSD already used as collateral across several Ripple Prime products
Ripple executives have confirmed that the company is exploring new applications for its native token, XRP (CRYPTO: $XRP), within its recently rebranded brokerage platform, Ripple Prime. The development follows Ripple’s $1.25 billion acquisition of prime broker Hidden Road, which was integrated into the firm’s broader digital asset infrastructure earlier this month.
Ripple President Monica Long stated that the brokerage unit is “looking at ways to utilize XRP,” noting that its U.S. dollar–backed stablecoin, RLUSD, already serves as collateral for several brokerage products. Long described the opportunities ahead for Ripple Prime as “mighty bright,” indicating that the firm’s focus includes expanding liquidity and collateral mechanisms tied to its digital assets.
https://x.com/MonicaLongSF/status/1981827375303471469
Ripple’s acquisition of Hidden Road was designed to strengthen its institutional offerings. In the company’s announcement, Ripple said its foundational blockchain infrastructure, which supports XRP transactions, will complement the services available through its prime brokerage arm.
XRP Remains Central to Ripple’s Strategy
Chief Executive Officer Brad Garlinghouse reaffirmed that XRP continues to play a central role in Ripple’s business model. In a post on X, Garlinghouse emphasized that XRP remains “at the center” of the company’s efforts to develop financial solutions enabling what it describes as an “Internet of Value.”
https://x.com/bgarlinghouse/status/1981786395967685105
His comments follow a period of speculation over the extent to which XRP will be directly involved in Ripple Prime’s operations. Recent market data from CoinMarketCap shows that XRP gained more than 3.2% after the remarks by Ripple’s leadership, reaching around $2.62 as of Saturday.
Community Reactions and Legal Commentary
The remarks prompted mixed reactions within the crypto community. A market analyst known as Fishy Catfish questioned the company’s messaging, arguing that the original announcement of Ripple Prime emphasized RLUSD rather than XRP. The commentator described the attempt to link XRP to the brokerage as inconsistent with the official statements.
Meanwhile, attorney and pro-XRP advocate Bill Morgan advised the community to disregard what he called “FUD” surrounding the issue. Morgan noted that while Ripple has not yet detailed how XRP will function within Ripple Prime, ongoing acquisitions such as the $1 billion purchase of GTreasury could eventually expand the token’s practical utility.
