CoinDesk reported today that Marc Asch, head of Ripple Prime (formerly Hidden Road) and its founder, will step down at the end of the year. He will be succeeded by Noel Kimmel, the business’s senior vice president. A Ripple spokesperson confirmed the news to CoinDesk and thanked him for building Hidden Road.
Ripple announced the acquisition of the institutional broker in April 2025, completed it for $1.25 billion in October that year, and renamed the company. It offers prime brokerage, clearing, and financing across digital assets and traditional markets. Some products will also use the U.S. dollar stablecoin RLUSD as collateral.
#Ripple $XRP
Ripple announced the acquisition of the institutional broker in April 2025, completed it for $1.25 billion in October that year, and renamed the company. It offers prime brokerage, clearing, and financing across digital assets and traditional markets. Some products will also use the U.S. dollar stablecoin RLUSD as collateral.
#Ripple $XRP
