24/7 Cryptocurrency News

Hidden Road Broker Deal: Ripple Executive Explains The Role of XRPL

Ripple's Director Craddock highlights XRP Ledger's (XRPL) crucial role in the strategic Hidden Road broker deal.
Published by
Hidden Road Broker Deal: Ripple Executive Explains The Role of XRPL

Highlights

  • Ripple's XRPL plays a major role in the Hidden Road broker deal, says Ripple executive.
  • Director Craddock posits that Ripple's RLUSD will be used as collateral.
  • XRPL will power all of Hidden Road’s post-trade services related to prime brokerage.

The XRP Ledger (XRPL) is poised to take center stage in the strategic Hidden Road broker deal. In the latest development, Ripple executive Cassie Craddock unveiled XRPL’s key role in Hidden Road’s post-trade infrastructure.

Reportedly, the XRP Ledger is expected to spearhead integration of digital assets with traditional financial systems. According to the executive, the XRPL will power all of Hidden Road’s post-trade services related to prime brokerage. In addition, Ripple’s RLUSD will be used as collateral.

Advertisement

XRPL To Take Lead in Hidden Road Broker Deal

As highlighted by Cassie Craddock , Ripple’s Managing Director for the UK and Europe, the XRP Ledger will power Hidden Road’s post-trade infrastructure. In a recent X post, market expert Crypto Eri, shared insights into the Ripple Director’s crucial revelations.

Reflecting on Craddock’s statements, the expert explained the key role of XRPL in the Hidden Road broker deal. Reportedly, the XRPL is likely to facilitate key transactions and data management for Hidden Road’s post-trade processes, including trade settlements and collateral movements. Craddock stated, “The XRP ledger will be used as a post‑trade for all of Hidden Rose prime brokerage services.”

While specifics are yet to be revealed, future updates from Ripple and tracking on-ledger activity may provide additional insights into the partnership’s implications.

Advertisement

Ripple’s RLUSD To Be Collateral

During the interview on BFM Business, Craddock remained vocal about Ripple’s $1.25 billion acquisition of prime broker Hidden Road. While revealing XRPL’s key role in the Hidden Roader broker deal, the executive also unveiled the utilization of Ripple’s RLUSD stablecoin.

Notably, Craddock confirmed that RLUSD “will be used a collateral” in the deal. According to her, this moves enables the “bridging of the digital asset space to TradFi, which is extremely exciting.”

Advertisement

XRPL To Boost Institutional Growth

Significantly, the integration of XRPL is expected to reduce post-trade processing times. It will be lowered from 24 hours to mere 3-5 seconds with its settlement finality. With Hidden Road handling over 50 million transactions and $10 billion in daily cleared volume, this move puts XRPL to a major performance test.

Moreover, Ripple gains access to a substantial institutional market, serving over 300 hedge funds and trading firms with $3 trillion in annual cleared volume. This provides a significant customer base for Ripple’s digital asset infrastructure.

This development comes amid increasing anticipations of the official conclusion of the XRP lawsuit and ETF launches.

Share
Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape. Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet. Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025
  • 24/7 Cryptocurrency News

Justin Sun Pledges $20M Buy Following WLFI Wallet Freeze

Justin Sun Justin Justin Sun responded to World Liberty Financial freezing his wallet by promising…

September 6, 2025
  • 24/7 Cryptocurrency News

Expert Blames ‘Secret Committee’ for Rejecting MSTR Stock Inclusion to S&P 500

Michael Saylor's Strategy (NASDAQ: MSTR) missed the inclusion in the S&P 500 index on Friday,…

September 6, 2025
  • 24/7 Cryptocurrency News

MARA Bitcoin Treasury Nears $6 Billion, Trails Only Strategy in Public Rankings

MARA announced that it now holds $5.9 billion worth of Bitcoin. This cements its position…

September 6, 2025
  • 24/7 Cryptocurrency News

Senate Banking Committee Releases Updated Draft Crypto Market Structure Bill

The U.S. Senate Banking Committee has released an updated version of the draft Crypto Market…

September 6, 2025