-
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
Grayscale files a TAO trust S-1 amendment, advancing the institutional holdings path
Grayscale has filed an S-1 amendment for its Bittensor (TAO) trust with the U.S. Securities and Exchange Commission, a vehicle that allows investors to gain TAO exposure in the form of securities. The trust carries risks of premium/discount and liquidity restrictions, and has not yet met its goal of tracking the TAO price. This filing could be an important step toward a regulated investment product or an ETF. As attention to technical breakthroughs in the Bittensor ecosystem grows, institutional demand is also increasing.
MarketWhisper6m ago
Bittensor Subnet Breaks the Decentralized AI Limit, TAO’s March Gain Doubles
The Covenant-72B model led by Bittensor Subnet 3 was recently released. It has 72 billion parameters and was trained without permission across more than 70 nodes worldwide. It scored 67.1 on the MMLU test. This achievement boosted the TAO token price by nearly 2x and also changed the industry’s understanding of decentralized AI training. In addition, most of the increase in the GMAI index was driven primarily by TAO, suggesting that the overall market recovery still needs to be observed.
MarketWhisper30m ago
Wallet in Telegram Joins Lighter to Offer Perpetuals Trading
Telegram Wallet has partnered with Lighter to introduce perpetual trading within the app, offering over 50 markets and 50x leverage. This integration enhances accessibility to decentralized finance tools while promoting growth in the DeFi sector and encouraging developer participation.
BlockChainReporter40m ago
SushiSwap launches contract trading functionality. Trades can earn points for a future rewards program.
Gate News message, April 3, SushiSwap announced the launch of contract trading functionality, which is technically supported by Hyperliquid. Users can earn points for every trade, and these points will be included in the upcoming Sushi rewards and incentives program. In addition, users who participate in trading early will receive a points multiplier reward.
GateNews2h ago
Tencent Cloud launches an Agent Memory memory service, providing OpenClaw with long-term memory capabilities
Gate News message, April 3, Tencent Cloud officially launched "Lobster" Memory Service TencentDB Agent Memory, adding a layer of long-term memory capability to OpenClaw. Currently, Agent Memory is seamlessly integrated in plugin form into products such as Tencent Cloud Lighthouse and ClawPro, supporting free one-click enablement.
GateNews2h ago
x402 Foundation established, AI agent payment agreements attract tech giants to enter the scene
x402 The foundation was established on April 3 by the Linux Foundation and Coinbase, with the goal of managing and standardizing AI agents in payment protocols. Founding members include 15 organizations such as Google and Microsoft. The protocol aims to facilitate payments without human intervention. As industry demand for AI autonomous trading rises, the x402 protocol is seen as a key to reviving trading activity, but trading volume plummeted sharply after reaching its peak.
MarketWhisper2h ago
