DTCC Participant List: Ripple Now Operates Alongside Wall Street Giants

A DTCC participant document highlighted by crypto researcher SMQKE (@SMQKEDQG) has placed renewed focus on Ripple’s growing institutional presence.

The document says Hidden Road Partners CIV US LLC is among the approved DTCC participants. This detail is notable because Hidden Road now operates as Ripple Prime following Ripple’s $1.25 billion acquisition of the firm in 2025.

According to SMQKE, the listing confirms that Ripple Prime operates alongside Wall Street giants. The participant list places the Ripple-owned prime brokerage business within the same network used by some of the largest financial institutions worldwide, including J.P. Morgan, Goldman Sachs, Citigroup, Charles Schwab, HSBC, and Deutsche Bank.

‼️OFFICIAL DTCC PARTICIPANT LIST REVEALS RIPPLE PRIME NOW OPERATES ALONGSIDE WALL STREET GIANTS‼️

This internal DTCC document confirms Ripple is now in direct company with the biggest names in finance.🙇‍♂️

Hidden Road, operating as Ripple Prime, appears on the list alongside J.P.…

— SMQKE (@SMQKEDQG) June 1, 2026

Ripple Prime’s Connection to DTCC

DTCC serves as a key component of the U.S. financial market infrastructure. Its systems support the clearing, settlement, financing, and post-trade processing activities that help keep markets operating efficiently across multiple asset classes.

SMQKE noted that the institutions on the participant list “manage trillions in daily volume across equities, fixed income, repo, and financing operations through the DTCC’s infrastructure.” The researcher also stated that “a Ripple-controlled entity has been granted the same operational access as these finance giants.”

The Importance of Ripple’s Acquisition

At the time of the acquisition, Hidden Road already ranked among the largest non-bank prime brokers serving institutional clients across traditional finance and digital asset markets.

The firm’s services span clearing, financing, brokerage, foreign exchange, fixed income, derivatives, and digital assets. After the acquisition closed, Ripple rebranded the company as Ripple Prime and positioned it as a cornerstone of its institutional strategy.

That background makes the DTCC participant listing particularly important. Rather than building a new institutional business from scratch, Ripple acquired an established prime brokerage firm that already operated within major financial market networks.

Greater Access for XRP

The DTCC document does not mention XRP directly. However, Ripple has already outlined plans to integrate Ripple Prime more closely with its own technology ecosystem. The company previously stated that it intends to bring portions of post-trade activity onto the XRP Ledger. Ripple also announced plans to use RLUSD within institutional workflows connected to the business.

SMQKE believes Ripple Prime’s position within the DTCC infrastructure could support Ripple’s long-term institutional ambitions. He wrote that institutional clients can “execute, clear, and settle traditional securities through a platform rooted in Ripple technology.”

For XRP supporters, attention now shifts to how Ripple expands Ripple Prime’s operations and connects those services with its broader institutional strategy.

The DTCC participant listing provides another sign of Ripple’s growing presence inside established financial markets. SMQKE described it as “the path for XRP to truly reach quadrillions in scale through regulated, high-volume channels.”