XRP: Ripple Prime approved to operate in all 53 US states and territories
Ripple Prime secures nationwide FINRA clearance in every US state and territory, expanding its XRP operations.
Most of the time, regulatory approvals by crypto companies vary state-by-state. For Ripple Prime, it’s all a single color: APPROVED!
Go ahead and check FINRA’s BrokerCheck yourself. Ripple Prime is now legal everywhere in the US. Not 6 states. Not 47.
Ripple Prime is registered as a broker-dealer in every single US state — all 50 — plus Washington DC, Puerto Rico, and the US Virgin Islands.
This is what infrastructure looks like when it stops being a pitch deck and starts earning operating licenses.
In April of last year, Ripple Prime had CFTC registration as a Futures Commission Merchant, a membership at the National Futures Association, and a FINRA broker-dealer application. Through 2025, its broker-dealer status rolled out state by state. By the time the rebrand to Ripple Prime hit in October, the firm was clearing more than $3 trillion a year for over 300 institutions and welcoming customers from all 53 states and territories.
Brad Garlinghouse summarized the importance of Ripple Prime.
“We are at an inflection point for the next phase of digital asset adoption. The US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance.”
Open for business. In every American jurisdiction.
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XRP Premium Analysis
Here is the part nobody is pricing in. On March 2, Ripple Prime was added to the DTCC’s National Securities Clearing Corporation participant directory under code 0443. The DTCC processed more than $4 quadrillion in transactions last year.
Ripple now owns the crypto-native brokerage firm plugged directly into that plumbing, with a $200 million Neuberger debt facility announced two days ago to expand margin lending, and revenue that has tripled year-over-year.…