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Wall Street Meets XRPL: Why Ripple’s Latest DTCC Integration ‘Seems Important’

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In a key move connecting traditional and digital finance, the Depository Trust and Clearing Corporation (DTCC) added Hidden Road Partners CIV US LLC to its NSCC Market Participant Identifiers directory.

Effective March 2, 2026, the NSCC update allows Ripple Prime to route institutional post-trade volumes directly onto the XRP Ledger (XRPL). Notably, the move bridges traditional market infrastructure with blockchain settlement.

XRPL Moves Deeper Into Wall Street Infrastructure

According to the DTCC notice dated February 27, 2026, the update is part of broader changes to participant lists for insurance processing. It also reflects NSCC updates across OTC, corporate, municipal, and UIT products.

As a result, Hidden Road appears under clearing broker code 0443 with executing broker alpha “HRFI,” approved specifically for OTC trades. The inclusion sets the stage for Ripple Prime to integrate traditional clearing infrastructure with blockchain settlement.

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The integration enables Ripple Prime to combine NSCC’s centralized clearing, risk management, and settlement services with the XRPL’s speed and low transaction costs. Also, the arrangement could compress settlement times and improve capital efficiency across a system handling over $2 quadrillion annually.

In line with its growth strategy, Ripple acquired Hidden Road in April 2025 for $1.25 billion, marking one of the largest deals in digital assets history. Rebranded as Ripple Prime in October 2025, the platform now offers multi-asset prime brokerage. It provides clearing, financing, and OTC spot trading for XRP and RLUSD stablecoins.

Before the acquisition, Hidden Road cleared $3 trillion yearly for more than 300 institutional clients across FX, derivatives, and digital assets. Ripple plans to migrate post-trade activities to the XRPL, using RLUSD as collateral to streamline cross-margining between traditional and crypto markets.

An Important Development?

Ripple CTO Emeritus David Schwartz described the development as one that “seems important” on social media, noting its potential impact on XRPL adoption. Industry experts suggest the integration may boost settlement speed and institutional access while embedding blockchain deeper in U.S. financial infrastructure.

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Beyond Ripple Prime, the DTCC notice also highlighted other updates. These include Summit Wealth Group joining insurance processing on March 9, 2026, and U.S. Securities International Corp. changing its clearing broker from NFSC to SWST.

Meanwhile, firms including Azzad Funds and Bain Capital Private Credit retired, with reassignments ensuring continuity of clearing and settlement operations.

The post Wall Street Meets XRPL: Why Ripple’s Latest DTCC Integration ‘Seems Important’ appeared first on CryptoPotato.

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Senator Tillis eyes “crypto-palooza” to break stalemate over stablecoin yield regulations

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CLARITY Act Stablecoin Yield Compromise Language

A bipartisan effort to bridge the divide between Wall Street and the digital asset industry could see a breakthrough as early as this week.

Summary

  • Senator Thom Tillis plans to release a draft agreement this week aimed at resolving the dispute between banks and crypto firms over stablecoin interest payments.
  • The proposed language for the Clarity Act seeks to settle whether digital asset companies can offer rewards on idle balances after banks voiced concerns regarding deposit drains.

Politico reports that Senator Thom Tillis (R-N.C.) is preparing to unveil a draft agreement aimed at settling the fierce debate over stablecoin yields. 

Working alongside Senator Angela Alsobrooks (D-Md.), Tillis has been refining language for the Clarity Act, a piece of legislation intended to set a regulatory framework for the crypto sector. 

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The primary sticking point remains whether digital asset firms should be permitted to pay interest on idle stablecoin balances, a practice banks claim threatens their deposit base.

“I think the language has come together well,” Tillis stated on Monday, noting that a public release depends on the continued success of ongoing discussions.

Banking representatives have already expressed concerns regarding the latest proposal from the two senators. Traditional lenders argue that high-yield stablecoin products could pull liquidity out of the banking system, creating instability. 

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Conversely, crypto platforms like Coinbase argue that a ban on rewards would hinder growth and ignore the potential for banks to participate in these new markets. 

While the GENIUS Act, passed last year, prohibited stablecoin issuers from paying interest directly, it left a loophole for third-party exchanges to offer yields, which the Clarity Act now seeks to address.

The White House has attempted to mediate the standoff through several private meetings since January, yet both sides have remained firm in their views. 

Senator Tillis has suggested hosting a “crypto-palooza” on Capitol Hill, bringing both factions together in a public forum to force a resolution. 

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Even if a compromise is reached, the bill faces a steep climb through the Senate Banking and Agriculture Committees before it can reach the floor for a final vote.

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StarkWare Cuts Jobs, Restructures Around Revenue Push

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StarkWare Cuts Jobs, Restructures Around Revenue Push

Zero-knowledge scaling company StarkWare is cutting jobs and restructuring its operations as it shifts from infrastructure development toward revenue-generating products. 

CEO Eli Ben-Sasson said in internal remarks that the firm will split into two business units and cut headcount to move faster and operate more efficiently, with one unit focused on applications and the other on Starknet development.

Ben-Sasson said the company would adopt a “startup mode” mindset, prioritizing fewer initiatives with higher revenue potential, while warning that downsizing would affect employees across the organization. StarkWare did not disclose how many employees would be affected by the cuts.

The move reflects a wider retrenchment across crypto firms, which have been trimming headcount and narrowing priorities as they chase clearer product-market fit, stronger monetization and leaner operations. Messari, Algorand Foundation and Crypto.com all announced cuts in March.

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Source: Eli Ben-Sasson

StarkWare says technical edge must translate into revenue

Ben-Sasson said StarkWare’s next phase would center on turning its technology into “meaningful revenue” and “meaningful usage,” arguing that the company could no longer rely mainly on external blockchains or third-party teams to prove the value of its stack.

Ben-Sasson said the company would focus on “fewer things excellently” and prioritize products with revenue potential that can be built only on its technological stack. 

Related: Decentralized email platform Dmail to cease services on May 15

“We’re going to achieve this by innovating across not just infrastructure, as we’ve done so far, but across the whole stack of infrastructure and product,” he said. 

Crypto layoffs continue as firms tighten strategy

StarkWare’s cuts follow other recent layoffs across the crypto sector as firms narrow priorities and reshape operations. On March 17, Messari announced layoffs alongside a leadership change as the company moved deeper into artificial intelligence-powered research and data tools for institutions. 

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On March 19, the Algorand Foundation said it would cut 25% of its employees, citing macro uncertainty and the broader crypto downturn. The organization said the move was aimed at better aligning resources with its long-term business, technology and ecosystem priorities.

On the same day, Crypto.com also announced a 12% reduction of its workforce as part of a broader push into AI. The exchange said the layoffs were tied to company-wide AI integration and a decision to prioritize resources around key growth areas.

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