Ripple-Supported Hidden Road Launches Cryptocurrency OTC Swaps Platform for U.S Institutions

Digital asset infrastructure provider Ripple is advancing its goal to become a leading force for institutional liquidity flows. Its recently acquired prime brokerage platform, Hidden Road, has introduced a crypto over-the-counter (OTC) service for U.S. institutions. The service will allow institutions to settle OTC swaps with cash for leading cryptocurrencies.

This move is particularly significant as OTC swaps are a large part of global digital asset trading volumes, but have been largely unavailable to U.S. institutions. The announcement comes after Ripple's $1.5 billion acquisition of Hidden Road, aimed at creating a pipeline for institutional flows into the XRP Ledger and expanding the XRP ecosystem. With Hidden Road's processing volume of at least $3 trillion per year, Ripple is set to transform its payment ecosystem.