Ripple Acquires Hidden Road for $1.25B

Ripple Acquires Hidden Road for $1.25 Billion

• Ripple is acquiring Hidden Road, a crypto-friendly prime broker, for $1.25 billion.
• The transaction includes cash, XRP tokens, and Ripple shares.
• Hidden Road will integrate Ripple’s RLUSD stablecoin and XRP Ledger into its products.
• The acquisition aims to enhance infrastructure to attract institutional investors.
• Mark Ash, founder of Hidden Road, will continue to lead post-acquisition.

This acquisition positions Ripple as the first cryptocurrency company with a global multi-asset prime brokerage service, facilitating enhanced engagement with major financial institutions through improved infrastructure.