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- Ripple Acquires Hidden Road for $1.25B in Major Crypto Deal
Ripple Acquires Hidden Road for $1.25B in Major Crypto Deal
Slice of Finance Team
09 Apr
Key Highlights:
Ripple acquires Hidden Road for $1.25 billion
Creates first global, multi-asset crypto prime broker
Hidden Road clears $3T annually with 300+ institutional clients
RLUSD to support cross-margining across traditional and digital markets
Hidden Road to migrate post-trade activity to XRPL
Source: Direct
Notable Quotes:
“We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance."
“With new resources, licenses, and added risk capital, this deal will unlock significant growth..."
Why This Matters:
This acquisition marks a pivotal shift in the digital assets space, showcasing Ripple’s ambition to lead institutional adoption by delivering robust, enterprise-grade infrastructure. By acquiring Hidden Road, Ripple secures a critical position in the financial ecosystem as the first crypto company to own a global, multi-asset prime broker. The integration of RLUSD and XRPL into prime brokerage workflows signals a major advancement toward unifying traditional finance and decentralized finance.