Ripple Acquires Hidden Road in Major Deal, Ushering in New Era of Institutional Crypto Adoption

This acquisition strengthens the XRP Ledger (XRPL) ecosystem as well. The post-trade activity of Hidden Road will be migrating to the XRPL, showcasing its potential for institutional decentralized finance. Hidden Road’s move to XRPL also promises efficiency and cost savings in operations, highlighting Ripple’s vision for a more accessible digital world. In addition, Ripple sees opportunities to optimize costs and liquidity in its cross-border payments solution, Ripple Payments, while providing custody services to Hidden Road’s customers. The deal is expected to close within the coming months, subject to regulatory approvals.