EddieJayonCrypto
8 Apr 25
Ripple is set to acquire global prime brokerage platform Hidden Road for $1.25 billion, making it the first crypto-native firm to operate a multi-asset prime broker. The acquisition aims to deepen Ripple's institutional service offerings and bridge traditional financial markets with blockchain-power...
Ripple is set to acquire global prime brokerage platform Hidden Road for $1.25 billion, aiming to integrate XRP, RLUSD, and XRPL for institutional adoption and bridge traditional financial markets with blockchain-powered ecosystems. This acquisition makes Ripple the first crypto-native firm to operate a multi-asset prime broker, deepening its institutional service offerings and bridging traditional financial markets with blockchain-powered ecosystems. The deal represents a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Hidden Road offers institutional clients services such as trade clearing, prime brokerage, and financing, including foreign exchange, digital assets, derivatives, fixed income, and swaps. Ripple sees this infrastructure as a critical step toward accelerating institutional adoption of blockchain-powered financial tools.
Ripple plans to integrate its stablecoin RLUSD into Hidden Road's services and use XRP and the XRP Ledger to streamline trade settlement, aiming to showcase the ledger's ability to power decentralized finance solutions. This move is expected to strengthen Ripple's cross-border payment services and offer advanced custody solutions to institutional clients, bridging the gap between digital and traditional finance at scale.