Ripple Prime is accelerating the expansion of its prime brokerage business, positioning itself as a “Wall Street 2.0” leader in digital-asset infrastructure for institutional investors.

According to blockchain media outlet U.Today on July 20, Ripple Prime is strengthening its prime brokerage business linking traditional finance and digital-asset markets, while presenting 24-hour, blockchain-based financial infrastructure as a core competitive edge.

Michael Higgins (마이클 히긴스), CEO of Ripple Prime International, said in a recent interview, “This crypto winter is not a winter for digital assets.” He said markets are moving toward 24-hour accessibility and that this requires always-on, blockchain-based infrastructure. He added, “That is Wall Street 2.0, and Ripple Prime is leading the change.”

Ripple Prime’s growth has accelerated further since Ripple acquired prime brokerage firm Hidden Road for $1.25 billion in October 2025. The company said Ripple Prime revenue rose threefold year on year after it gained access to Ripple’s balance sheet. It also said institutional demand is expanding across asset classes including foreign exchange, digital assets, derivatives, swaps and bonds, centered on clearing and financing services.

It is also strengthening its liquidity provision. Ripple Prime recently secured a $200 million debt facility from Neuberger Specialty Finance. The funds will be used to expand margin financing capabilities and broaden the liquidity provision base for institutional clients.

Ripple Prime’s key strategy is to shift bank-centered payment systems to a blockchain-based structure. Traditional prime brokerages can post collateral only during bank business hours, creating inefficiencies that require additional capital on weekends or holidays. Ripple Prime plans to reduce such constraints by building a 24-hour collateral management system using the dollar-pegged stablecoin RLUSD.

Higgins said large Wall Street banks are expected to enter the digital prime brokerage market in earnest if the regulatory framework becomes clearer. He said existing financial institutions would not find it easy to build blockchain-based technology quickly. “The biggest market maker in U.S. equities and FX markets is no longer a bank,” he said.

Ripple Prime said it connects digital-asset exchanges, FX liquidity pools and traditional stock exchanges through a single integrated technology stack and applies the same operating system. It said this allows it to expand services more quickly across different asset classes.

Ripple sees institutional adoption of digital assets as entering an expansion phase rather than a slowdown. The company’s strategy is to position itself as a comprehensive infrastructure provider spanning clearing, financing and collateral management beyond simple trading services.

In the market ahead, key points to watch are how quickly the RLUSD-based 24-hour collateral management model spreads in institutional markets and how competition with traditional finance develops after regulatory reforms.