{"id":22946,"date":"2025-04-21T06:31:52","date_gmt":"2025-04-21T06:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22946"},"modified":"2025-04-21T06:31:52","modified_gmt":"2025-04-21T06:31:52","slug":"ripple-exec-reveals-xrp-ledgers-role-in-hidden-road-deal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22946","title":{"rendered":"Ripple Exec Reveals XRP Ledger\u2019s Role In Hidden Road Deal"},"content":{"rendered":"
\n

In an interview on BFM Business, Ripple\u2019s Managing Director for the UK & Europe, Cassie Craddock, lifted the veil on how the blockchain company intends to weave the XRP Ledger into the fabric of prime brokerage. Speaking about Ripple\u2019s $1.25 billion acquisition of London\u2011headquartered Hidden Road, Craddock confirmed that the forthcoming Ripple USD\u2011backed stablecoin, RLUSD, \u201cwill be used as collateral,\u201d a step she said<\/a> \u201cessentially [enables] the bridging of the digital asset space to TradFi, which is extremely exciting.\u201d<\/p>\n

The Role Of The XRP Ledger<\/h2>\n

Craddock elaborated that Hidden Road\u2019s entire post\u2011trade stack is slated to migrate onto the XRP Ledger. \u201cThe XRP ledger will be used as a post\u2011trade for all of Hidden Rose prime brokerage services,\u201d she said. With settlement finality on XRPL taking three to five seconds, the move promises to compress a post\u2011trade timetable that can stretch to 24 hours on traditional rails. Hidden Road processes more than 50 million transactions each day and clears upward of $10 billion daily; shifting that load to XRPL represents one of the most ambitious real\u2011world performance tests for Ripple\u2019s twelve\u2011year\u2011old blockchain.<\/p>\n

The executive highlighted the captive institutional market Ripple is acquiring. Hidden Road clears roughly $3 trillion annually across foreign exchange, derivatives, fixed income, and digital assets for more than 300 hedge funds, market makers, and proprietary trading firms. \u201cWe see that this captive audience of 300 institutional customers is a really interesting portfolio of customers that will and do need digital\u2011asset infrastructure,\u201d Craddock noted, adding that the group will gain access to Ripple\u2019s existing payment and custody rails.<\/p>\n

The same audience is expected to benefit from RLUSD as a cross\u2011margin asset. Hidden Road\u2019s model already permits clients to post Bitcoin or US treasuries as collateral against foreign\u2011exchange trades; inserting a fully\u2011backed dollar stablecoin into that mix opens the door to what Craddock called \u201cbridging\u201d between crypto and legacy asset classes. Under the integration plan, RLUSD will move natively on the XRPL, allowing clients to pledge capital and settle trades in a single atomic workflow.<\/p>\n

Prominent crypto commentator CryptoEri underscored the operational angle in a post on X, summarizing that \u201cthe XRP Ledger will probably handle some actual transactions (e.g., settling trades, moving RLUSD collateral) and data (e.g., recording trade details, reconciling clearing data) for Hidden Road\u2019s post\u2011trade processes.\u201d She cautioned that more granular information would have to come from Ripple \u201cand sleuths on the ledger,\u201d but the comments echoed Ripple\u2019s ambition to show the ledger working as a real\u2011time clearing bus rather than a passive settlement layer.<\/p>\n

Ripple\u2019s acquisition, announced on 8 April 2025<\/a>, still awaits regulatory clearance. Hidden Road already connects to venues such as Coinbase International, OKX, Deribit, Bitfinex, and Bullish, giving Ripple a ready\u2011made distribution channel for RLUSD once the deal closes. In the meantime, Craddock stressed that Ripple\u2019s focus remains \u201cbuilding use cases and utility for digital assets and enabling and solving customer problems for our banking and institutional customers.\u201d<\/p>\n

At press time, XRP traded at $2.11.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

In an interview on BFM Business, Ripple\u2019s Managing Director for the UK & Europe, Cassie Craddock, lifted the veil on how the blockchain company intends to weave the XRP Ledger into the fabric of prime brokerage. Speaking about Ripple\u2019s $1.25 billion acquisition of London\u2011headquartered Hidden Road, Craddock confirmed that the forthcoming Ripple USD\u2011backed stablecoin, RLUSD, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22946","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22946"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22946\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}