Marc Asch to Depart at Year-End, Noel Kimmel to Succeed as Head of Ripple Prime

The founder of Ripple's prime brokerage firm, Ripple Prime, Marc Asch, will be leaving at the end of this year, with Senior Vice President Noel Kimmel taking over. A spokesperson for Ripple has confirmed this news. Ripple acquired Hidden Road for $1.25 billion in April 2025, and after completing the transaction in October of the same year, it was renamed Ripple Prime. This business provides prime brokerage, clearing, and financing services for institutional clients in both digital assets and traditional markets.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.