Ripple Prime head Marc Asch to step down, Noel Kimmel named successor
Marc Asch, founder of Hidden Road and head of Ripple Prime, is stepping down at year-end, with senior vice president Noel Kimmel named to take over the institutional prime brokerage Ripple acquired for $1.25 billion in 2025. The change comes as Ripple Prime expands its 24/7 business, most recently launching around-the-clock institutional stock trading with RLUSD as collateral. No details were disclosed on Asch's next move or Kimmel's start date.
Sources
- NEW: Marc Asch, founder of Hidden Road and head of @Ripple Prime, is stepping down at year-end, with SVP Noel Kimmel taking over the institutional prime brokerage business Ripple acquired for $1.25B in 2025. @willcanny99 reports. https://t.co/52oDBS9ss9x.com ↗
- NEW: Marc Asch, founder of Hidden Road and head of @Ripple Prime, is stepping down at year-end, with SVP Noel Kimmel taking over the institutional prime brokerage business Ripple acquired for $1.25B in 2025. https://t.co/kaqrJYRarox.com ↗
- Ripple Prime head Marc Asch to step down, Noel Kimmel named successorcoindesk.com ↗
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