TechFlame reports that Ripple has completed the acquisition of Hidden Road, which has now been rebranded as Ripple Prime. Previously, Hidden Road provided institutional clients with services such as clearing, prime brokerage, and financing for foreign exchange (FX), digital assets, derivatives, swaps, and fixed income. This acquisition positions Ripple as the first cryptocurrency company to own and operate a global multi-asset prime brokerage. Since the acquisition was announced, Ripple Prime's business has tripled and is expected to grow further. Ripple Prime will enhance the utility and reach of Ripple’s stablecoin, RLUSD. Currently, RLUSD is already being used as collateral for various prime brokerage products, and some derivatives clients have opted to hold RLUSD.