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HomeCrypto NewsMarketRipple President Says XRP Future Is Mighty Bright

Ripple President Says XRP Future Is Mighty Bright

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Ripple President Monica Long has expressed strong optimism about the future of XRP.

Long shared her upbeat outlook on the company’s trajectory following the completion of its acquisition of Hidden Road, which now rebrands as Ripple Prime.

Taking to X to comment on the announcement, Long said the “future ahead is mighty bright.”

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Notably, she highlighted the growing opportunities Ripple Prime now offers, particularly as RLUSD is already being used as collateral across several prime brokerage products. In this context, Long disclosed that Ripple Prime is exploring innovative ways to utilize XRP.

The announcement served as Ripple’s official confirmation that it has completed the acquisition of Hidden Road. This milestone makes Ripple the first crypto company to own and operate a global, multi-asset prime broker. 

Ripple Prime

Ripple Prime builds on Hidden Road’s success as one of the fastest-growing non-bank prime brokers. It offers services such as clearing, financing, and prime brokerage across asset classes, including FX, derivatives, swaps, and digital assets.

Since Ripple’s initial acquisition announcement in April, Ripple Prime’s business has tripled in size, with further expansion anticipated.

The integration of Ripple’s robust digital asset infrastructure, which includes payments, custody solutions, and its stablecoin RLUSD, seeks to unlock deeper adoption among institutional users.

Ripple also confirmed plans to leverage blockchain technology to streamline operations and reduce costs within Ripple Prime. This move reinforces its long-term vision of scaling blockchain-backed financial solutions globally.

RLUSD Gains Traction as Ripple’s Institutional Stablecoin

Meanwhile, Ripple’s RLUSD stablecoin has rapidly emerged as a cornerstone of the company’s institutional offering. It is already a collateral asset for a variety of products. Moreover, some derivatives clients have opted to hold their balances in RLUSD.

This momentum is supported by strong regulatory compliance, institutional trust, and BNY Mellon’s role as primary reserve custodian for RLUSD.

In July, blockchain analytics firm Bluechip ranked RLUSD as the number one stablecoin for stability, governance, and asset backing. In particular, it assigned it an ‘A’ rating.

Ripple expects RLUSD adoption to continue expanding as institutional clients deepen their engagement with Ripple Prime.

Strategic Acquisitions Strengthen Ripple’s Ecosystem

The completion of Ripple Prime adds to Ripple’s five major acquisitions over the past two years. They include Metaco, Standard Custody, Rail, and GTreasury. These strategic moves aim to strengthen Ripple’s multi-asset capabilities and position it as a leader in institutional-grade digital finance.

Hidden Road’s founder, Marc Asch, will continue collaborating with Ripple CEO Brad Garlinghouse and the leadership team to ensure a seamless integration.

Ripple emphasized that both companies share a global outlook and commitment to technology, risk management, and operational excellence.

A Bright Future for XRP and Institutional Crypto

Monica Long’s statement highlights confidence that Ripple’s evolving ecosystem, powered by XRP, RLUSD, and Ripple Prime, is paving the way for the next phase of institutional crypto adoption.

As Ripple deepens its footprint across prime brokerage and asset management, XRP’s role within this expanding infrastructure could prove increasingly pivotal.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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