-
Hidden Road’s NSCC listing links traditional clearing rails with XRPL-based institutional settlement.
-
Ripple plans to migrate Hidden Road’s multi-trillion-dollar post-trade flows onto the XRP Ledger.
-
XRPL expands institutional use cases while developers warn users about rising NFT and wallet scams.
According to a DTCC notice, Hidden Road officially went live on the NSCC directory, marking a new phase in its integration with Ripple. The move positions Ripple Prime to route institutional post-trade activity onto the XRP Ledger through regulated market plumbing.
Hidden Road Listed as NSCC Participant
The update confirms that Hidden Road, operating under Ripple Prime, now appears in the directory maintained by the Depository Trust & Clearing Corporation’s National Securities Clearing Corporation. The listing enables NSCC-supported settlement workflows, which are widely used across U.S. capital markets.
This step follows Ripple’s acquisition of Hidden Road months earlier. Before the deal, Hidden Road processed roughly $3 trillion annually for more than 300 institutional clients. Ripple previously stated that the acquisition would allow that post-trade business to migrate onto the XRP Ledger.
Accordingly, the brokerage unit now branded as Ripple Prime sits at the intersection of traditional clearing systems and blockchain settlement. The goal, as outlined earlier by the firm, centers on moving post-trade processes onto XRPL using existing institutional rails.
Ripple Prime and Institutional XRPL Activity
The NSCC inclusion also follows recent regulatory approval for Ripple Prime. That approval expands access to institutional trading flows, which Ripple plans to connect with XRPL-based settlement.
Ripple Chief Technology Officer David Schwartz described the development as “important,” reacting publicly to the directory update. Meanwhile, institutional usage of XRPL has continued to broaden. Last month, Societe Generale launched a euro-denominated stablecoin on the ledger.
In addition, reports indicate XRPL is preparing to support institutional options trading. These initiatives align with Ripple’s stated objective of attracting post-trade and derivatives activity.
XRPL Developers Flag Rising Scam Activity
Alongside infrastructure expansion, XRPL developers have raised security concerns. Wietse Wind warned users about scam campaigns involving fake NFTs and deceptive wallet offers.
According to reports, attackers duplicate NFT offers from legitimate wallets, then resell them to unsuspecting users. Fake support accounts also remain common. Wind advised users to cancel suspicious offers and avoid sharing seed phrases or signing unknown transactions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Mega Bank's Director Rui-bin Zhuang tests stablecoin remittances, but the costs of blockchain are misunderstood.
Mega Financial Holding Co. held a media briefing on the 10th. Chairman Dong Rui-bin revealed that to objectively compare the efficiency of bank and blockchain remittances, Mega Bank mobilized 17 countries worldwide and 25 overseas branches last year for testing. Branch staff opened accounts at local legal exchanges and used the virtual asset trading platform BitoPro to trade USDT stablecoins, transferring 50 USDT each time back to Taiwan, and compared this with traditional bank cross-border wire transfers.
The results showed that stablecoins do have advantages for small-scale cross-border remittances. However, for remittance amounts exceeding the equivalent of NT$200,000 (about $7,000 USD), banks remain more cost-competitive.
Mega Experiment: Banks Are More Cost-Effective for Transfers Over $7,000 USD
The test results indicated that in the scenario of "paying NT$ in Taiwan and receiving local currency at the destination," bank wire transfers generally arrive within about 2 hours, with a fee of approximately
ChainNewsAbmedia1h ago
HyperGPT Launches HyperStore, an AI App Marketplace for Web3
HyperGPT has launched HyperStore, an AI app marketplace connecting developers and users, enabling app monetization and promotion within a growing community. Developers can showcase various AI products to earn revenue while simplifying access to Web3 users.
BlockChainReporter2h ago
Circle's USYC asset management surpasses $2 billion
Gate News Announcement, March 10 — The stablecoin issuer Circle officially announced that as the application of tokenized money market funds continues to expand in the industry, the assets under management of its product USYC have surpassed $2 billion.
GateNews3h ago
Elon Musk's X Money App Nears Public Launch, No Sign of Dogecoin
Elon Musk's X Money will launch public beta in April, offering peer-to-peer transfers, direct deposits, and yield earning. Despite Musk's support for Dogecoin, the app currently has no crypto integration, though future features may include it.
Decrypt3h ago
Ripple Director Names Turkey, Nigeria and UAE as "Must-Watch" Markets - U.Today
Ripple's Reece Merrick outlined plans for the RLUSD stablecoin, targeting Turkey, Nigeria, and the UAE to enhance global expansion. These nations show significant digital dollar demand, critical for financial operations, with projections of $33 trillion in stablecoin transactions by 2025.
UToday3h ago
Justin Sun Reaffirms Zero-Tolerance Policy on Illegal Activities at Tron
TRON founder Justin Sun says his companies maintains zero tolerance against illegal activities like embezzlement, unauthorised computer access and bribery.
He threatened legal action against those who spread false rumors online and ‘smear judicial organs’ just days after two of his companies
CryptoNewsFlash3h ago
