Ripple’s prime brokerage arm, Ripple Prime, has been added to the directory of the US-based National Securities Clearing Corporation (NSCC), a move that further strengthens the integration between digital asset infrastructure and traditional financial markets. This step paves the way for Ripple’s XRP Ledger (XRPL) to gain broader application in established finance and spotlights Ripple’s ambition to bring post-trade processes in US markets onto blockchain technology.
Ripple Prime’s Inclusion in the NSCC Directory
After securing regulatory approval, Ripple Prime has officially joined the NSCC directory. The NSCC operates under the umbrella of the Depository Trust & Clearing Corporation, which provides leading clearance and settlement services for securities in the US. Companies listed in the NSCC directory are recognized as those able to access clearing services and conduct secure post-trade operations within the American market.
The integration process accelerated after Ripple’s acquisition of Hidden Road last year. Serving investment banks and institutional clients, Hidden Road had previously facilitated annual trading volumes of around $3 trillion before joining Ripple. Following the acquisition, Ripple announced it would migrate Hidden Road’s post-trade operations onto the XRP Ledger ecosystem.
Being listed in the NSCC directory now enables Ripple Prime to offer blockchain-based post-trade settlement in US markets. This development is expected to make the speed and low-cost benefits of the XRP Ledger more accessible to traditional financial industry participants. Ripple anticipates that this infrastructure will deliver faster and more cost-effective clearing for its institutional clients.
David Schwartz, Ripple’s Chief Technology Officer, highlighted that gaining a position on the NSCC list is a significant milestone for expanding institutional adoption of the XRP Ledger.
Schwartz emphasized that this breakthrough in the NSCC directory could have a far-reaching impact on institutional uptake going forward.
Ripple and XRPL Gain Ground in Institutional Adoption
Recent innovations on the XRP Ledger have solidified its role within the corporate finance ecosystem. For example, global bank Societe Generale recently launched its euro-denominated stablecoin on the XRP Ledger. Additionally, new financial products—such as options tailored for institutional clients—are being introduced on the platform, broadening the range of assets and services available through XRPL.
As institutional activity accelerates, the XRP Ledger team has also warned users about a rise in scam attempts targeting the network. XRPL developer Wietse Wind cautioned especially Xaman wallet users regarding fraudulent NFT offers circulating within the community.
Wind clarified that Xaman does not distribute any digital “passes” or NFTs, urging users not to accept transactions from their wallets in response to counterfeit offers and to reject such proposals outright.
Developers also advise users to avoid engaging with unknown accounts, remain vigilant about suspicious proposals, and never share their private recovery keys. These precautions come at a time of heightened institutional activity and new integrations on the network, factors which have also brought security risks into sharper focus.
