Ripple Expands with $1.25B Acquisition

Ripple Acquires Hidden Road for $1.25 Billion

• Ripple is acquiring Hidden Road, a global prime brokerage platform, for $1.25 billion.
• This acquisition makes Ripple the first crypto-native firm to own a multi-asset prime broker with an institutional network.
• Ripple plans to integrate its stablecoin RLUSD into Hidden Road’s services for cross-margining between crypto and traditional instruments.
• The use of XRP and the XRP Ledger (XRPL) will streamline trade settlement times from hours to minutes.
• The acquisition aims to strengthen Ripple’s institutional service offerings and bridge traditional financial markets with blockchain ecosystems.

Ripple’s $1.25 billion acquisition of Hidden Road marks a significant move in the crypto space, integrating RLUSD and XRPL to enhance trade efficiency and institutional adoption of blockchain tools.