Ripple Prime listed on NSCC, expanding XRPL institutional adoption

Ripple Prime, formerly Hidden Road, has been listed in the directory of the U.S. National Securities Clearing Corporation (NSCC). According to BeInCrypto, the NSCC's parent company, the Depository Trust & Clearing Corporation (DTCC), announced on March 2 that Hidden Road Partners CIV US LLC was included in its Market Participant Identifier (MPID) directory. When Ripple acquired Hidden Road last October, it stated its intention to move post-trade operations to the XRP Ledger (XRPL) to streamline processes and reduce costs. The listing is expected to shift institutional post-trade volumes to the XRPL, which industry observers interpret as a sign of expanding institutional adoption for the ledger.