Hidden Road Joins NSCC Directory, Strengthening Ripple’s Institutional XRP Strategy

According to the DTCC, Hidden Road Partners CIV US LLC was added to the NSCC Market Participant Identifiers directory on March 2, 2026, extending Ripple’s reach into traditional post-trade infrastructure following its $1.25 billion acquisition of Hidden Road.

XRP

Summary

Hidden Road Partners CIV US LLC, Ripple’s institutional brokerage business acquired for $1.25 billion in 2025 and rebranded as Ripple Prime, was added to the National Securities Clearing Corporation (NSCC) Market Participant Identifiers directory on March 2, 2026 under the Depository Trust & Clearing Corporation (DTCC). The listing gives Ripple Prime operational standing within the U.S. securities clearing system and enables processing of over-the-counter trades through NSCC’s centralized clearing workflows used by major financial institutions. Before its acquisition, Hidden Road served more than 300 institutional clients and handled approximately $3 trillion in annual financing trades. Ripple executives and community members view the development as a milestone that could eventually connect institutional trading activity with blockchain infrastructure such as the XRP Ledger.

Terms & Concepts
  • NSCC (National Securities Clearing Corporation): A subsidiary of the DTCC that provides centralized clearing, settlement, and risk management for U.S. securities transactions between financial institutions.
  • DTCC (Depository Trust & Clearing Corporation): A major U.S. post-trade financial infrastructure provider that operates clearing and settlement systems for securities markets, including the NSCC.
  • XRP Ledger: A decentralized blockchain network developed by Ripple that supports digital asset transfers and settlement, often discussed for institutional payment and trading infrastructure.