Ripple Acquires Global Prime Broker First

Ripple Acquires Hidden Road, Launches Ripple Prime

• Ripple has acquired Hidden Road, becoming the first crypto firm to own a global multi-asset prime broker.
• The acquisition rebrands Hidden Road as Ripple Prime, enhancing institutional access to digital assets.
• Ripple’s acquisition expands its institutional offerings with improved custody and trading capabilities.
• A partnership with a major South African financial institution extends Ripple’s digital asset custody services to new markets.
• The company’s stablecoin is now integrated with tokenized funds from leading asset managers for instant exchanges while maintaining exposure to money market yields.

Ripple’s acquisition of Hidden Road marks its entry as the first crypto company owning a global multi-asset prime broker. The rebranding to Ripple Prime aims to bolster institutional access and expand custody services in new markets.