Ripple Prime has secured nominations in multiple categories for the Prime Broker of the Year awards at the 2026 Hedge Week US event. CEO Mike Higgins announced the firm's inclusion in categories such as Client Service, Specialist Markets, Start-up & Emerging Managers, and Technology.
Recognition and Growth
According to Higgins, Ripple Prime's nominations place it alongside major industry players like Interactive Brokers, Mirae Asset Securities, Jones Trading, and AGP Prime. The firm was shortlisted for Specialist Markets, where it competes with Interactive Brokers and Mirae Asset Securities (USA). It also appears in the Start-up & Emerging Managers and Technology categories with competitors including Jones Trading and AGP Prime.
Ripple Prime, which was formerly known as Hidden Road before its acquisition by Ripple in April 2025, is considered one of the largest non-bank prime brokers worldwide. The company clears more than $3 trillion annually for over 300 institutional clients.
In a recent quarterly webinar with Token Relations, Higgins highlighted that Ripple Prime's revenue has more than tripled since its acquisition, attributing this growth to increased exposure from existing and new clients. He cited three growth factors: the 24/7 collateral movement enabled by the Ripple USD (RLUSD) stablecoin, the firm's horizontal clearing infrastructure, and other strategic initiatives.
Voting for the award winners is now open, with Higgins urging clients and partners to support Ripple Prime in each nominated category to help secure a win.
This material is provided for informational purposes and does not constitute financial advice.
