What to Know:
- Ripple has completed its acquisition of Hidden Road, now Ripple Prime, marking a significant step in institutional digital asset adoption.
- XRP will be integrated into Ripple Prime’s services, enhancing its utility across payments, custody, and stablecoins.
- Ripple is expanding its University Blockchain Research Initiative (UBRI) with new partnerships and funding in RLUSD stablecoin.
Ripple is expanding its reach in the digital asset space through strategic acquisitions and research initiatives. The recent completion of the Hidden Road acquisition, now rebranded as Ripple Prime, signals a major move to integrate prime brokerage services into its ecosystem. This development aims to foster greater institutional engagement with digital assets, including XRP.
The integration of XRP into Ripple Prime is set to amplify its functionality across various platforms. Ripple’s foundational digital asset infrastructure will leverage XRP to enhance payments, crypto custody solutions, and stablecoin functionalities. Ripple Prime is also expected to boost the utility of Ripple USD (RLUSD), with the stablecoin already serving as collateral for prime brokerage products.
Ripple is also reinforcing its commitment to blockchain research through its University Blockchain Research Initiative (UBRI). This includes forming an advisory council of leading researchers and a new collaboration with the University of San Francisco (USF). Over $1.5 million in renewed university partnerships will be funded entirely in Ripple USD (RLUSD) stablecoin, solidifying Ripple’s role in academic innovation.
These strategic moves position Ripple for continued growth and influence within the evolving crypto landscape, particularly as regulatory clarity increases and institutional interest in digital assets rises.
Source: Original article
