Pundit to XRP Holders: A Massive Door Just Opened. Here’s the Latest

John Squire, operating under the handle @TheCryptoSquire, has brought attention to a notice from the Depository Trust and Clearing Corporation (DTCC). This notice details a significant change concerning Ripple’s institutional expansion efforts.

The document confirms that Ripple Prime, which was known as Hidden Road at the time of the filing, is set to join the Fixed Income Clearing Corporation netting system.

While the notice itself may appear routine, the broader context surrounding it elevates its importance. Squire has characterized this development as a major advancement, stating that "a massive door just opened." He further emphasized the significance of the netting system, describing it as "the backbone that clears trillions every day." Squire also commented that "XRP isn’t priced for this."

What the DTCC Notice Reveals

The DTCC document specifically identifies the firm under its legal name and assigns it to participate in Buy Sell Netting, Repo Netting, and GCF services. These functionalities are crucial for supporting government securities transactions among major financial institutions. The notice directs existing members to submit eligible trades to the firm once the activation date is effective.

This represents a formal confirmation that Ripple Prime’s predecessor has secured access to a fundamental settlement system. It is important to note that Ripple acquired Hidden Road in 2025 and subsequently rebranded it as Ripple Prime. The prime brokerage platform is now an integral part of Ripple’s institutional business division.

The Connection Between XRP and This Development

Ripple leverages XRP within its cross-border liquidity solutions, and Ripple Prime is designed to enhance this infrastructure. This integration positions Ripple directly within a significant national settlement framework. The company can now facilitate liquidity connections across bond markets, repo markets, and digital asset exchanges from within its own operations.

Ripple’s expansion into prime brokerage services also serves to broaden the utility of XRP in institutional settlement processes. Squire's observations suggest a belief that direct access to high-volume clearing systems could positively impact the long-term valuation of liquidity assets.

Ripple's Future Strategy Following This Milestone

Ripple's institutional strategy is focused on bridging traditional market infrastructure with digital asset networks. Ripple Prime plays a pivotal role in this overarching strategy. The company's entry into the DTCC system marks a structural shift, as Ripple now possesses ownership of the entity that obtained the participant slot.

XRP underpins the liquidity functions that Ripple deploys across its platform. While the DTCC notice does not alter existing regulations or policies, it demonstrates Ripple's ongoing efforts to establish operational footholds within established financial networks. This strategic approach also facilitates the introduction of XRP into new market segments.