🔄 Ripple Prime head Marc Asch to step down, succeeded by Noel Kimmel
Marc Asch, head of Ripple Prime (formerly Hidden Road), will step down. A Ripple spokesperson said in an email that the company is grateful for Asch's work as the founder of Hidden Road. He will leave at the end of the year to pursue new opportunities, and current Ripple Prime Senior Vice President Noel Kimmel will take over leadership of the business.
Ripple announced its $1.25 billion acquisition of Hidden Road in April 2025, completing the deal in October of that year and renaming it Ripple Prime. The business provides institutional clients with prime brokerage, clearing, and financing services across digital assets and traditional markets, including foreign exchange, derivatives, and fixed income. Some products use Ripple's dollar stablecoin RLUSD as collateral. Asch founded Hidden Road in 2018, having previously worked at Steve Cohen's SAC Capital and Point72.
⭐ One of Ripple's largest acquisitions to date enters a transition phase, as the integration of its institutional brokerage business moves into a new management cycle.
#Ripple #RipplePrime #HiddenRoad
Marc Asch, head of Ripple Prime (formerly Hidden Road), will step down. A Ripple spokesperson said in an email that the company is grateful for Asch's work as the founder of Hidden Road. He will leave at the end of the year to pursue new opportunities, and current Ripple Prime Senior Vice President Noel Kimmel will take over leadership of the business.
Ripple announced its $1.25 billion acquisition of Hidden Road in April 2025, completing the deal in October of that year and renaming it Ripple Prime. The business provides institutional clients with prime brokerage, clearing, and financing services across digital assets and traditional markets, including foreign exchange, derivatives, and fixed income. Some products use Ripple's dollar stablecoin RLUSD as collateral. Asch founded Hidden Road in 2018, having previously worked at Steve Cohen's SAC Capital and Point72.
⭐ One of Ripple's largest acquisitions to date enters a transition phase, as the integration of its institutional brokerage business moves into a new management cycle.
#Ripple #RipplePrime #HiddenRoad
