Ripple Prime head Marc Asch will leave at the end of the year, with Noel Kimmel taking over.
Original headlineRipple Prime 负责人 Marc Asch 将于年底离职，Noel Kimmel 接任
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Marc Asch, head of Ripple's institutional prime brokerage Ripple Prime, will leave the company at the end of 2026 to pursue new career opportunities, with senior vice president Noel Kimmel set to succeed him and lead the business and its team. Asch founded institutional prime broker Hidden Road, which Ripple agreed to acquire for $1.25 billion in April 2025 and completed buying that October before rebranding it as Ripple Prime. The unit serves institutional clients with prime brokerage, clearing and financing across digital assets and traditional markets including FX, derivatives and fixed income, and uses Ripple's RLUSD stablecoin as collateral in some products. The transition matters as a leadership test for Ripple's $1.25 billion push into institutional prime services beyond its core payments business. Watch whether Kimmel sustains client onboarding and whether RLUSD's role as collateral expands across Ripple Prime's product lines through the handover.
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Named in this story
Ripple Prime, Ripple (XRP), Marc Asch, Noel Kimmel, Hidden Road, RLUSD
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