DTCC Opens Dedicated Fixed Income Lane for Ripple Prime, Effective September 11
The Depository Trust and Clearing Corporation has opened a dedicated fixed income clearing account for Ripple Prime, the firm formerly known as Hidden Road, effective September 11. The new account, numbered 4371, expands Ripple Prime's clearing footprint into repos, financing, and collateral. This is an operational infrastructure change, not a press release partnership announcement.
The Depository Trust and Clearing Corporation, the central post-trade infrastructure for US financial markets, has activated a dedicated fixed income clearing lane for Ripple Prime, the broker-dealer formerly operating under the name Hidden Road. The account, designated number 4371 and categorized under Fixed Income, became effective September 11.
The opening of a separate fixed income account is distinct from Ripple Prime's existing clearing accounts and signals a broader operational footprint within DTCC's architecture. The account's scope covers repos, financing, and collateral, core instruments in institutional fixed income and short-term funding markets.
This development was surfaced not through a press release or formal partnership announcement but through direct observation of DTCC's account registry, lending it a higher degree of operational credibility. The move reflects the ongoing integration of Ripple's acquired broker-dealer infrastructure into traditional US financial market plumbing.
For the XRP ecosystem, the expansion is notable because Ripple Prime's deeper embedding within DTCC's clearing network positions it as a more capable counterparty for institutional clients, potentially including those transacting in digital assets alongside traditional fixed income instruments.
Key facts
- •DTCC opened a dedicated fixed income clearing account for Ripple Prime
- •Account number 4371, categorized as Fixed Income
- •Effective date is September 11
- •Ripple Prime was formerly known as Hidden Road
- •Scope covers repos, financing, and collateral
- •Discovery came from DTCC account registry, not a press release