XRP Price Moves Following Ripple CTO Emeritus Statement on DTCC News

Ripple CTO Emeritus David Schwartz reacted (https://x.com/JoelKatz/status/2028640023579599245?from=article-links) to a DTCC notice confirming that Ripple Prime has been added to the National Securities Clearing Corporation directory, a move that could support institutional activity on the XRP Ledger.

Ripple CTO Emeritus David Schwartz has described a recent development with the Depository Trust & Clearing Corporation (DTCC) as one that "seems important." The notice confirms that Hidden Road Partners CIV US LLC - now operating as Ripple Prime - was officially added to the National Securities Clearing Corporation (NSCC) directory on March 2 under the Executing Broker Alpha "HRFI" for over-the-counter products. This integration relates to potential institutional use of the XRP Ledger.

DTCC Integration Details

The Depository Trust & Clearing Corporation serves as the central backbone of U.S. markets, handling clearing and settlement for quadrillions of dollars in securities transactions annually. The addition of Ripple Prime to the NSCC directory provides a direct connection to this established infrastructure.

The company previously operated as Hidden Road Partners before being rebranded to Ripple Prime after the acquisition in October. Schwartz noted that the use of the previous name in the DTCC filing is expected, as the process likely began before all regulatory approvals for the acquisition were completed.

"I think it's because this comes from something that's been in the works since a bit before the acquisition was 100% final due to some straggling regulatory approvals," he explained.

Implications for XRP

The development establishes technical groundwork that could allow institutional volume to be settled on the XRP Ledger, advancing the connection between traditional systems and blockchain technology.

In Related Crypto Developments

Minotaurus (MTAUR) (http://minotaurus.io/insight/2e76c16950fd24c1ec66), a new GameFi token, is progressing through its structured presale stages. The current price is 0.00012682 USDT. The presale has accumulated 3,125,970 USDT (http://minotaurus.io/insight/2e76c16950fd24c1ec66) toward a target of 6,440,000 USDT. The planned listing price is 0.00020000 USDT. Audits have been completed by Coinsult and SolidProof, with all mechanics visible on-chain.

Further details are available on the official Minotaurus site (http://minotaurus.io/insight/2e76c16950fd24c1ec66).

So what / Outlook

- The DTCC/NSCC integration represents a direct link between established clearing infrastructure and the XRP Ledger.
- This development supports the potential movement of institutional settlement volume onto blockchain rails.
- The step aligns with Ripple's broader efforts to expand utility in traditional environments.

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This release was published on openPR.