A new discovery by members of the XRP community has created new excitement – and plenty of speculation – around Ripple’s next big move. It turns out that a quiet but powerful connection has formed between Ripple and the heart of the U.S. Treasury market.
On March 11, 2025, a notice from the DTCC (Depository Trust & Clearing Corporation) confirmed that Hidden Road Partners CIV US LLC officially became a member of the Government Securities Division (GSD) of the Fixed Income Clearing Corporation (FICC). This membership became active on March 14, just weeks before Ripple publicly announced its acquisition of Hidden Road.
That timing isn’t just interesting – it’s potentially game-changing.
The FICC is where more than $11 trillion in U.S. Treasury trades get cleared every single day. With its new membership, Hidden Road now has access to some of the most critical clearing services in the financial system, including buy/sell netting, repo transactions, and GCF (General Collateral Finance) repo. These services are essential for institutions managing massive volumes of short-term funding and government bond trading.
#XRP Army Uncovers #Ripple’s Hidden Road Link to $11T US Treasury Clearing Network.🧵 pic.twitter.com/zNAMLqBOkN
— TheCryptoBasic (@thecryptobasic) May 22, 2025
This revelation didn’t come from a press release or media report – it was uncovered by sharp-eyed XRP community members. One of them, Matthew, highlighted the DTCC notice and connected the dots between Hidden Road’s sudden access to the Treasury clearing network and Ripple’s quiet acquisition. The crypto media quickly picked up the story, and the discussion hasn’t stopped since.
To put the scale into context: before the SEC finalized new rules in late 2023 requiring expanded central clearing for Treasury transactions, FICC’s average daily volume hovered around $4.5 trillion. But as of April 2025, it crossed a new all-time high of $11 trillion daily. Ripple’s acquisition seems to align perfectly with this trend.
Hidden Road is no small player either. According to Ripple’s own statements, the firm clears over $3 trillion annually for more than 300 institutional clients. But before Ripple stepped in, Hidden Road had been struggling with settlement delays, a common challenge in high-volume institutional finance.
Ripple now plans to fix that using the XRP Ledger (XRPL). The idea is to use XRPL for post-trade operations, enabling faster settlements, greater transparency, and more efficient infrastructure. They’re aiming for five-second settlement times – a major improvement over the traditional clearing system.
Read also: Massive $500M XRP Buy Has No Effect on the Price: Here’s the Catch
That said, XRP itself will not be used for settlement, despite what some community members had hoped. In a recent blog post, Ripple clarified that RLUSD, its upcoming stablecoin, will serve as collateral on Hidden Road’s platform. XRP will still have a role, but it will be limited to transaction fees on the ledger.
That distinction has sparked debate within the community. Some long-time holders are concerned that Ripple is shifting its focus from XRP to RLUSD when it comes to enterprise use cases. Others believe this is a smart move – one that positions Ripple as a serious infrastructure player in global finance, with XRP still benefiting indirectly from increased network activity and exposure.
Meanwhile, the XRP price is up 1.5% today, trading around $2.44 at press time. Whether that move is tied to renewed investor optimism or simply broader market momentum, it’s clear that the connection between Ripple, Hidden Road, and the U.S. Treasury system is newsworthy.
For now, Ripple isn’t revealing too much beyond the stablecoin announcement and infrastructure plans. But the XRP Army is watching closely – and after spotting this connection before anyone else, they might just be on to something big.
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