-
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
Vitalik Buterin Proposes Fast Confirmation Rules, Ethereum Deposit Confirmation Time May Be Shortened to 13 Seconds
Ethereum co-founder Vitalik Buterin proposed Fast Confirmation Rules (FCR), aiming to reduce deposit confirmation time to approximately 13 seconds and optimize user experience. FCR provides early confirmation signals through validator attestations without requiring a hard fork. Despite concerns about centralization and honesty, it is still viewed as an important measure to improve network efficiency and is part of the Lean Ethereum roadmap.
GateNews13m ago
JustLend DAO Protocol Plans to Lower USDDOLD Collateral Coefficient in April
Gate News reports that on March 19, JustLend DAO protocol plans to adjust the collateral coefficient of the USDDOLD market around April, with a decrease planned. This adjustment is to coordinate with the USDDOLD delisting process, and the final adjustment plan will be executed after passing proposals from the USDD and JustLend DAO community. The platform reminds users who use USDDOLD as collateral assets to switch to other supported assets in advance and closely monitor their account risk status to avoid position safety being affected by changes in collateral coefficients.
GateNews32m ago
AiFi Completes Minting of 3000 Fortune NFTs, Set to Launch Officially on March 20
AiFi completed the minting of 3000 Fortune NFTs on March 19 and will launch on PancakeSwap V2 on March 20, activating the liquidity pool. The project adopts an equal-weight dividend model for NFTs and LP tokens, promoting sustainable development of the DeFi ecosystem.
GateNews47m ago
Ripple Expands in Brazil With Payments, Custody, RLUSD
Ripple expanded payments in Brazil with banks using its network for cross-border and FX transactions.
The company launched custody and tokenization services, supporting billions in on-chain asset issuance.
Ripple plans a VASP license as RLUSD adoption grows across Brazilian exchanges and
CryptoFrontNews59m ago
SBI VC Trade Launches Licensed USDC Lending Service in Japan, Stablecoin Moving Toward Yield-Generating Applications
Japan's SBI VC Trade, under the SBI Holdings financial group, will launch USDC lending services in 2026, providing users with annualized returns. This is Japan's first lending service targeting stablecoins, with an anticipated annual interest rate of 5%. This service not only introduces new yield options but also expands the financial applications of stablecoins, demonstrating Japan's emphasis on the legitimacy and operational standards for stablecoin utilization.
区块客1h ago
Matrixdock Launches FRS Framework and XAGm Token for On-Chain Silver Asset Management
Matrixdock has launched the Fungible Reserve Standard (FRS), a framework that links reserve assets, token supply, and costs on-chain. It introduces the XAGm token, representing LBMA-compliant silver, ensuring asset stability and liquidity in financial activities.
GateNews1h ago
