# Ripple Prime Sets Noel Kimmel to Lead as Marc Asch Leaves at End of 2026 By Sonny Jang Canonical URL: https://www.tokenpost.com/news/people/53957 Published: 2026-11-11T12:45:11.000Z Updated: 2026-11-11T12:45:11.000Z Section: People > Asch founded Hidden Road, which Ripple acquired for $1.25 billion in 2025 before the brokerage became Ripple Prime. Ripple Prime Senior Vice President Noel Kimmel will lead the institutional brokerage after Hidden Road founder Marc Asch leaves at the end of 2026, marking a leadership change following Ripple's acquisition. Asch plans to leave at year-end to pursue new opportunities, and Kimmel will lead Ripple Prime and its team within Ripple. Ripple announced its $1.25 billion agreement to acquire Hidden Road in April 2025, then completed the deal Oct. 24, 2025. Hidden Road became Ripple Prime after the closing. The brokerage provides institutions with clearing, financing and prime brokerage. Its work spans derivatives, swaps, foreign exchange, digital assets and fixed income. In August 2026, Ripple Prime launched its [Delta One service](), offering total-return swaps linked to U.S.-listed stocks, market indexes and digital assets. In October, it added [perpetual contracts for more than 100 markets](), spanning shares, indexes, exchange-traded funds, metals, energy and foreign exchange. ## Links in this article - [Delta One service](https://www.tokenpost.com/news/business/27950) - [perpetual contracts for more than 100 markets](https://www.tokenpost.com/news/business/32604)