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Hidden Road’s NSCC listing links traditional clearing rails with XRPL-based institutional settlement.
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Ripple plans to migrate Hidden Road’s multi-trillion-dollar post-trade flows onto the XRP Ledger.
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XRPL expands institutional use cases while developers warn users about rising NFT and wallet scams.
According to a DTCC notice, Hidden Road officially went live on the NSCC directory, marking a new phase in its integration with Ripple. The move positions Ripple Prime to route institutional post-trade activity onto the XRP Ledger through regulated market plumbing.
Hidden Road Listed as NSCC Participant
The update confirms that Hidden Road, operating under Ripple Prime, now appears in the directory maintained by the Depository Trust & Clearing Corporation’s National Securities Clearing Corporation. The listing enables NSCC-supported settlement workflows, which are widely used across U.S. capital markets.
This step follows Ripple’s acquisition of Hidden Road months earlier. Before the deal, Hidden Road processed roughly $3 trillion annually for more than 300 institutional clients. Ripple previously stated that the acquisition would allow that post-trade business to migrate onto the XRP Ledger.
Accordingly, the brokerage unit now branded as Ripple Prime sits at the intersection of traditional clearing systems and blockchain settlement. The goal, as outlined earlier by the firm, centers on moving post-trade processes onto XRPL using existing institutional rails.
Ripple Prime and Institutional XRPL Activity
The NSCC inclusion also follows recent regulatory approval for Ripple Prime. That approval expands access to institutional trading flows, which Ripple plans to connect with XRPL-based settlement.
Ripple Chief Technology Officer David Schwartz described the development as “important,” reacting publicly to the directory update. Meanwhile, institutional usage of XRPL has continued to broaden. Last month, Societe Generale launched a euro-denominated stablecoin on the ledger.
In addition, reports indicate XRPL is preparing to support institutional options trading. These initiatives align with Ripple’s stated objective of attracting post-trade and derivatives activity.
XRPL Developers Flag Rising Scam Activity
Alongside infrastructure expansion, XRPL developers have raised security concerns. Wietse Wind warned users about scam campaigns involving fake NFTs and deceptive wallet offers.
According to reports, attackers duplicate NFT offers from legitimate wallets, then resell them to unsuspecting users. Fake support accounts also remain common. Wind advised users to cancel suspicious offers and avoid sharing seed phrases or signing unknown transactions.
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