Ripple Prime CEO Mike Higgins has shared the newest milestone for the prime brokerage agency in a current X publish.
In line with Higgins, Ripple Prime has been shortlisted for a number of ‘Prime Dealer of the 12 months’ recognitions on the Hedge Week US Awards 2026, together with Shopper Service, Specialist Markets, Begin-up & Rising Managers, and Know-how.
Ripple was shortlisted within the “Prime dealer of the 12 months: Specialist Markets” alongside Interactive Brokers and Mirae Asset Securities (USA). It was additionally shortlisted within the “Prime dealer of the 12 months: Begin-up & Rising Managers” and “Prime dealer of the 12 months: Know-how” classes alongside Jones Buying and selling, AGP Prime, and others.
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In his publish, the Ripple Prime CEO thanked shoppers and companions whereas including that voting for winners is now open; Ripple Prime has solely been shortlisted and can want votes to win in every of the aforementioned classes, with neighborhood help now required.
Ripple Prime makes big strides
Ripple Prime, previously generally known as Hidden Street, was acquired by Ripple in April 2025 and is considered one of many largest non-bank prime brokers globally, clearing over $3 trillion yearly throughout over 300 institutional shoppers.
In a quarterly webinar with Token Relations, Ripple Prime CEO Mike Higgins stated income has greater than tripled for the reason that acquisition, owing to new and current shoppers rising their publicity. He cited three components contributing to this progress: Ripple USD (RLUSD) stablecoin’s 24/7 collateral motion, a horizontal clearing infrastructure, and cross-margining throughout asset courses, which he stated can scale back a $12.5 million margin requirement to about $1 million.
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Within the second quarter of this 12 months, Ripple Prime added new integrations with EDX Markets, Coinbase Derivatives, Hyperliquid, and Bullish, in addition to a $200 million debt facility from Neuberger Berman.
Higgins additionally famous a progress in clientele from crypto-native buying and selling companies towards hedge funds, asset managers, pensions, and endowments, supported by rising regulatory readability below the GENIUS Act and the pending CLARITY Act.
Quick-term priorities embrace enabling new collateral varieties corresponding to tokenized cash market funds and a “Delta One” equities enterprise, whereas the long-term focus is on business standardization.