Ripple Acquires Crypto-Friendly Brokerage Hidden Road for $1.25 Billion

Ripple has acquired Hidden Road, a prominent crypto prime brokerage, in a deal worth $1.25 billion. The acquisition will be settled with a mix of cash, XRP tokens, and Ripple stock. Hidden Road founder Marc Asch will continue to lead the brokerage following its integration into the Ripple organization. This move signals Ripple’s dedication to expanding its services for institutional investors in the crypto space.