Analysis by 'All Things XRP' focuses on Ripple's recent acquisition of Hidden Road and its implications for XRP in institutional finance.
Clearing Services as a Key to XRP Use
According to the commentator, clearing services are the most impactful to the XRP ecosystem among the various services Hidden Road offers. Ripple plans to migrate Hidden Road’s post-trade clearing operations currently processing up to $3 trillion annually onto the XRP Ledger. This shift implies increased on-chain demand for XRP.
Integration of Stablecoin RLUSD
Second in terms of impact is Ripple’s prime brokerage service integrating RLUSD — Ripple’s stablecoin. This will trigger additional transaction volume on the XRP Ledger, enhancing demand for XRP.
Long-term Financing Prospects
Currently, Hidden Road’s financing segment is seen as less significant in the short term. While XRP could be used as collateral, specific implementation strategies are still unclear.
The acquisition of Hidden Road by Ripple is framed as a significant step towards institutionalizing XRP, creating opportunities for integration into global financial infrastructure.
