Ripple Acquires Hidden Road for $1.25B – Strategic Deal Boosts its Crypto and Finance Presence

Ripple has made a significant move in the crypto market by acquiring Hidden Road, one of the fastest-growing prime brokers, for $1.25 billion. This landmark deal positions Ripple as the first crypto company to fully own and operate a global, multi-asset prime brokerage platform. Hidden Road’s services will be integrated with Ripple’s stablecoin project RLUSD, which aims to facilitate smooth cross-margining between crypto and traditional markets using RLUSD as collateral.