Ripple Prime was chosen as a finalist in 4 classes on the Hedgeweek US Awards 2026.
The agency has been nominated for Prime Dealer of the Yr: Consumer Providers, Prime Dealer of the Yr: Expertise, Prime Dealer of the Yr: Specialist Markets, and Prime Dealer of the Yr: Startup and Rising Supervisor. The winners will probably be decided by public voting, and the awards ceremony is scheduled for October 8, 2026 in New York.
This nomination locations Ripple Prime alongside established corporations from the normal monetary companies business, together with giant banks, buying and selling platforms, fund managers, and know-how suppliers, who compete throughout Hedgeweek's institutional funding classes.
Ripple Prime Journey
Ripple Prime's origins date again to Ripple's acquisition of Hidden Street, a world prime brokerage and institutional credit score community, in 2025. The deal, value about $1.25 billion, is one among Ripple's greatest strikes into the institutional finance market.
Based in 2018 by Mark Ash, Hidden Street makes a speciality of offering prime brokerage companies to hedge funds, asset managers, proprietary buying and selling companies and institutional traders.
Following the acquisition, Hidden Street was rebranded to Ripple Prime, turning into a devoted platform for establishments inside Ripple's broader monetary ecosystem.
Increasing past funds
For a lot of its historical past, Ripple has been primarily related to blockchain-based funds and their improvement. $XRP Ledger (XRPL). The corporate's flagship institutional product, Ripple Funds, has centered on serving to monetary establishments and companies transfer funds internationally utilizing blockchain know-how.
The Hidden Street acquisition signaled a broader technique. Along with offering fee rails, Ripple started to place itself as a supplier of economic infrastructure for establishments.
The platform inherits Hidden Street's current organizational community and infrastructure constructed to help buying and selling and monetary actions throughout areas similar to digital property, international trade, derivatives and glued earnings merchandise.
Hedgeweek's nominations acknowledge a number of facets of the mannequin, together with its know-how capabilities, skilled market companies and help for rising managers.
The 'Specialist Market' nomination is especially noteworthy as digital property are nonetheless a growing institutional market in comparison with conventional asset lessons.
The appointment of Ripple Prime will put the corporate in competitors with current monetary market suppliers.
This analysis additionally comes at a time when the institutional adoption of blockchain know-how is progressing past the straightforward public providing of cryptocurrencies.
No matter whether or not the corporate finally wins one of many 4 classes, the nominations sign the rising presence of corporations centered on digital property.
