Ripple Acquires Hidden Road for $1.25 Billion: Expansion into Institutional Finance

Ripple has made a significant move in expanding its reach within the financial world, acquiring global prime brokerage platform Hidden Road for $1.25 billion. This strategic acquisition positions Ripple as the first crypto firm to own a multi-asset prime broker and marks a major step towards integrating crypto with traditional finance. 💰 The integration of XRP’s XRPL into Hidden Road’s operations is expected to streamline cross-asset transactions, enhance post-trade settlements, and increase demand for XRP in international markets.