Mike Higgins

BD/CD at @Ripple Prime (formerly known as Hidden Road). Talking FX, trading and crypto in capital markets. Opinions are my own.

[Mike Higgins @mikehiggins]

First (and hopefully not last) appearance on @Ripple's Crypto in a Min series talking about how Prime Brokers are a key converging factor to bring together traditional and digital markets. Check it out!

[Ripple @Ripple]

What does prime brokerage look like in the digital asset era?

A prime broker gives you two things: access to trade everywhere, and the balance sheet to do it efficiently.

Onchain markets are rewriting both, and @MikeHiggins, International CEO of Ripple Prime, explains how in under 60 seconds.⏱️

[Mike Higgins @mikehiggins]

Introducing Delta One across equities and digital is a natural expansion of the platform Ripple Prime has already built – with over $1B in regulatory net capital, our clients benefit from a single counterparty relationship and the ability to cross-margin exposures across these asset classes 24/7. https://t.co/4pKV3mTGy2

[Ripple @Ripple]

Introducing Ripple Prime’s Delta One business – bringing Total Return Swaps across US-listed equities, indices and digital assets to clients, tailored to their investment horizons, risk mandates and reporting requirements.

Single counterparty. Cross-margined. Structurally aligned. 24/7

This is what institutional equity derivatives access should look like: https://t.co/Fyc2HE2soR

[Mike Higgins @mikehiggins]

Great speaking with @shannybasar at @MarketsMedia about the momentum behind @Ripple Prime’s continued growth. The current crypto winter is not a digital asset winter: markets are moving toward 24/7 access and need always-on, blockchain-powered infrastructure to make this happen. That's Wall Street 2.0, and Ripple Prime is leading the way. https://t.co/CBKEMWmITm

[Mike Higgins @mikehiggins]

Proud to share that @Ripple Prime has been shortlisted for several ‘Prime Broker of the Year’ recognitions at the @Hedgeweek US Awards 2026, including Client Service, Specialist Markets, Start-up & Emerging Managers, and Technology. 💪🏼

Thank you to our clients & partners for their continued trust in our platform, solutions, and service. AND voting for winners is now open… we welcome your support! https://t.co/bhivKnkrUZ

[Mike Higgins @mikehiggins]

All the attention on Perps lately…why? Recently, we’ve seen 50% of perp offerings on major venues tied to real-world asset commodities and equities (oil, precious metals, stocks, etc) This is a huge driving force in pushing traditional markets to 24/7 access in the U.S. While historically linked to offshore markets, perps present a really interesting opportunity (despite being highly leveraged products) because they simplify the options markets that TradFi has relied on for years.

Typically crypto has taken a TradFi product and made a tokenized version...but here's a product originally born from crypto that TradFi is now adopting. When we talk about the next generation of financial markets, I very much see perps as a key part of that world.

[Bloomberg @business]

Robinhood is rolling out perpetual futures on commodities, exchange-traded funds and currencies in Europe, betting on the rise of round-the-clock trading popularized by crypto markets https://t.co/cjAZSfyitR

[Mike Higgins @mikehiggins]

Prediction markets (also called event contracts – a more accurate description to be honest) are increasingly becoming a way for institutions to hedge risk. Susquehanna saw the opportunity early, and I expect many others to follow their lead.

[Exec Sum @exec_sum]

BREAKING: Quant trading firm Susquehanna committed $500M to hedge World Cup outcomes via prediction markets

For context, Morgan Stanley is forecasting a dent in Latin American beer sales from Brazil and Mexico's exits and SIG is looking to capitalize on such trends by selling brands insurance/hedges against upsets

[Mike Higgins @mikehiggins]

great conversation w/ @jacqmelinek this week breaking down all things @Ripple Prime. TL;DR: The lines between TradFi and digital assets are disappearing. RLUSD and $XRP are already being used as collateral, institutions are demanding 24/7 capital mobility, and the infrastructure to support it is here. Much more to come from us this year! 💪🏼

[Token Relations @TokenRelations]

Ripple Quarterly Webinar with Mike Higgins, International CEO of Ripple Prime https://t.co/P5B99B7GA5

[Mike Higgins @mikehiggins]

Looking forward to joining Monday — we'll have plenty to cover on @Ripple Prime and RLUSD, and you can be sure $XRP will be part of the conversation too. See you at 11am ET.

[Token Relations @TokenRelations]

Join us on Monday, June 22, at 11AM EST for our quarterly @Ripple Ecosystem Webinar with @mikehiggins

We'll be deep diving on Ripple Prime, where $RLUSD fits into the Prime strategy, and the business' broader institutional stack

[Mike Higgins @mikehiggins]

And we’re off! @CMEGroup is officially live with 24/7 crypto futures & options trading, providing around-the-clock access to crypto derivatives. @Ripple Prime is a day one clearing and financing partner, supporting always-on markets.

Fun fact: $XRP futures were the fastest ever contracts on CME to cross $1B in open interest, achieving this in just 3 months last year. The institutional demand is there, and now so is the infrastructure. https://t.co/V4k7UBd5Gv

[Mike Higgins @mikehiggins]

Institutions don’t want to manage more venues, they want smarter infrastructure.

Excited to bring @markets_edx liquidity into @Ripple Prime, giving clients seamless access to spot and perpetual futures markets through one unified, capital-efficient framework.

Fewer silos. Deeper liquidity. Smarter market structure. 💪🏼 https://t.co/HbKO8Le469

[Mike Higgins @mikehiggins]

Tokenization just took another step toward mainstream market infrastructure.

Appreciate @The_DTCC convening 50+ firms to advance tokenized securities into live workflows. This is how traditional finance moves from pilots to scale. Excited for @Ripple Prime to be part of it.

[Depository Trust & Clearing Corporation @The_DTCC]

Building on the SEC's No-Action Letter related to DTC's tokenization service, DTCC has convened more than 50 firms through its Industry Working Group to inform the development of DTC’s tokenization service and support responsible exploration of digital asset use cases.

Join the conversation: https://t.co/4HcIQr5TNK

[Mike Higgins @mikehiggins]

Excited to expand our partnership with @Bullish — Ripple Prime clients now have direct access to its regulated BTC options markets, and can use $RLUSD to trade on the platform.

With Bullish as the second largest venue by open interest for crypto-settled BTC options, and soon to come cross-margin support to optimize collateral for capital efficiency – institutions who increasingly want to trade crypto derivatives have one-stop shop through Ripple Prime.

[Mike Higgins @mikehiggins]

Last week in Paris was packed with @Ripple at @signalweek – from conversations about institutional capital jumping into crypto from the sidelines to how the velocity of stablecoins is enabling 24/7 collateral and repo markets – there’s no doubt in my mind that this industry is reaching a massive unlock point for Wall Street.

And let’s be honest, XRP Mart was definitely the coolest booth on the show floor.

[Mike Higgins @mikehiggins]

Big news for institutions trading on @Ripple Prime – we've extended our @HyperliquidX integration to include HIP-3 symbols, allowing for institutional-grade access to onchain perps on traditional assets like GOLD, SILVER, and OIL.

TradFi exposure. DeFi infrastructure. One unified margin framework in your existing portfolio.

[Mike Higgins @mikehiggins]

Congratulations @crossover_mkts! Crossover’s institutional execution-only (non custodial) solutions combined with Ripple Prime’s enterprise-grade clearing and settlement across traditional and digital venues is a step change up. https://t.co/J2tNlpAi9Q

[Crossover Markets @crossover_mkts]

Crossover Markets is proud to announce its $31 million Series B fundraise at a $200 million valuation. Led by Tradeweb with participation from DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures, and XTX Markets, this milestone marks the continued convergence of traditional finance and digital assets.

The investment will also bring institutional spot crypto liquidity on CROSSx to Tradeweb’s global client base, combining our execution only ECN with one of the world’s leading multi asset electronic marketplaces.

As institutions increasingly require speed, transparency, and clear separation of duties in digital markets, we’re pleased to be building the execution layer that meets those standards by bridging the best of traditional market structure with the future of digital asset trading.

Read the full announcement here: https://t.co/Wf6D97TRGy

[Mike Higgins @mikehiggins]

We welcome the @CFTC’s leadership in advancing a clear framework for crypto-linked perpetual futures in the U.S. Bringing this critical market structure onshore is a pivotal step for digital assets, strengthening price discovery, improving risk management, and recapturing liquidity within a regulated environment. At @Ripple Prime, institutional-grade infrastructure and thoughtful oversight will be key to supporting sustainable growth in digital asset derivatives

[CoinDesk @CoinDesk]

POLICY: CFTC Chair Mike Selig says U.S. guidance allowing crypto perpetual futures is coming within weeks.

[Mike Higgins @mikehiggins]

Important milestone for Ripple Prime. NSCC directory listing places us inside core clearing infrastructure to support more efficient, reliable capital markets at scale. Today, Ripple Prime is the largest global non-bank prime broker, integrated directly into digital asset and traditional venues around the world.

[Mike Higgins @mikehiggins]

@JoelKatz @7_paradigm Bingo @JoelKatz

[Mike Higgins @mikehiggins]

The world’s largest financial market – FX – still runs primarily on prefunding, fragmented cutoffs and delayed settlement. At @Ripple Prime, we’re seeing growing demand for regulated, dollar-backed stablecoins and tokenized collateral to reduce that friction.

2026 will be a tipping point for atomic settlement and intraday collateral mobility across FX and digital assets. Watch this space 👀

Thanks to @riskdotnet for the convo. https://t.co/onGNcCacRv

[Mike Higgins @mikehiggins]

ICYMI: @binance listed RLUSD on the XRPL — live for spot pairs and approved as collateral for perpetual futures. What does that unlock for Ripple Prime clients?

✔️RLUSD can now be posted as eligible margin on one of the largest global derivatives venues
✔️Greater capital efficiency across spot + perps
✔️Reduced stablecoin fragmentation across venues

When high-quality, regulated collateral is accepted in derivatives markets, it directly impacts how institutions deploy balance sheet capital. THIS is what market structure maturation looks like at @Ripple