Ripple Ceo Garlinghouse Says Xrp Now "Good Collateral" Across Institutional Platforms

Ripple CEO Brad Garlinghouse (@bgarlinghouse) used an appearance at Consensus Miami to make a pointed case for $XRP as a serious institutional asset, telling attendees that the firm's prime brokerage arm is actively making XRP viable collateral across multiple institutional platforms.

"Our company, Hidden Road, the prime brokerage business making XRP good collateral across lots of different institutional platforms is a big deal," Garlinghouse said during the event. The prime brokerage, now operating as Ripple Prime after Ripple's $1.25 billion acquisition of Hidden Road, sits at the center of the firm's institutional push.

Ripple Prime Joins DTCC's Tokenization Working Group

Ripple Prime is now part of the DTCC Industry Working Group, a coalition of more than 50 financial industry firms spanning both traditional and decentralized finance, including custodians, asset managers, brokers, and trading venues. Other participants include BlackRock, Goldman Sachs, JPMorgan, HSBC, Citadel Securities, Bank of America, Nasdaq, Robinhood, and Morgan Stanley, among others.

The initiative aims to bring tokenized equities, ETFs, and U.S. Treasuries into existing post-trade infrastructure, connecting traditional clearing and settlement rails with blockchain-based representations of real-world assets. DTCC has set July 2026 for initial limited production trades, with a broader rollout planned for October 2026.

XRP Ledger Gains Traction in Institutional Pilots

Activity on the XRP Ledger itself has accelerated sharply. JPMorgan, Mastercard, Ripple, and Ondo Finance completed a cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger in early May, connecting the on-chain and fiat settlement steps into a single continuous flow. The transaction settled in under five seconds and outside traditional banking hours, with instructions routed via Mastercard's Multi-Token Network before JPMorgan delivered dollars to Ripple's Singapore bank account.

The XRP Ledger's ability to settle transactions in 3 to 5 seconds with minimal fees is increasingly appealing to traditional finance institutions looking to modernize settlement systems. Ripple Prime itself was born from the Hidden Road acquisition and is now listed alongside BlackRock, Circle, and Ondo Finance in the DTCC's working group for decentralized finance participants.

Speaking on a CoinDesk panel alongside Binance CEO Richard Teng and Solana Foundation President Lily Liu, Garlinghouse pointed to stablecoins, tokenized real-world assets, and AI-powered payments as the three primary drivers of the next phase of crypto adoption.

Sources:
DTCC: Advancing Tokenization Service, Convening 50+ Firms
CoinDesk: Ripple, JPMorgan Settle First Cross-Border Tokenized Treasury Redemption on XRP Ledger
CoinPaper: DTCC Taps Ripple Prime Alongside BlackRock, Goldman, JPMorgan and Nasdaq