Ripple Prime earns four Hedgeweek nominations in institutional push

The nominations span four distinct categories: Client Service, Technology, Specialist Markets, and Start-up & Emerging Managers. CEO Michael Higgins announced the recognition on social media, highlighting the platform’s progress since its rebranding from Hidden Road. The awards, which involve a mix of panel selection and public voting, will culminate in a ceremony on October 8 at Convene on Park Avenue in New York.

These recognitions arrive less than a year after Ripple finalized its $1.25 billion acquisition of Hidden Road. The integration has allowed Ripple to move beyond its roots in XRP Ledger payments, offering clearing, financing, and brokerage services across both digital and traditional assets. The platform currently reports clearing over $3 trillion annually for more than 300 institutional clients, covering markets ranging from precious metals to fixed-income repo and exchange-traded derivatives.

To support this growth, the firm has actively expanded its financial infrastructure. In May, Ripple Prime secured a $200 million financing facility from Neuberger Berman to bolster margin services. It also integrated with EDX Markets to facilitate institutional access to spot and perpetual futures. As the company competes against established financial firms for the Hedgeweek titles, these nominations serve as a benchmark for its strategy to provide a unified credit and trading structure for professional investors.