Ripple has officially closed the deal for Hidden Road, a move that sent shockwaves through the industry. The brokerage platform is now known as Ripple Prime and aims to revolutionize institutional access to digital assets. This significant milestone comes after years of strategic acquisitions and partnerships from Ripple. Notably, the company completed two major deals in 2023: acquiring Metaco for Swiss crypto custody and Standard Custody & Trust Company, a regulated platform for enterprise-grade cryptocurrency services. They have also made ambitious moves in 2024, including purchasing Rail for $200 million and GTreasury for $1 billion, cementing their position in the space. The recent closing of the Hidden Road deal marks another crucial step in Ripple’s journey as they seek to reshape the financial landscape. Ripple’s XRP token has experienced a significant surge this week, reaching a multi-week high of $2.65 and overtaking BNB as the fourth largest cryptocurrency. This price rally is fueled by institutional interest, positive sentiment from prominent figures like James Wynn who invested heavily in XRP and a strong belief that Ripple can disrupt traditional banking systems.