Ripple has acquired non-bank prime broker Hidden Road, rebranding it as Ripple Prime and expanding its operations beyond the realm of digital assets. This landmark deal positions Ripple as the first crypto company to own and operate a multi-asset prime broker, covering various financial instruments like clearing, financing, and brokerage for institutional clients across cryptocurrencies, derivatives, swaps, foreign exchange, and fixed-income products. The acquisition has already experienced rapid growth since its announcement in early April, with the business seeing threefold expansion in activity. Ripple Prime is expected to continue this trajectory as it attracts new and existing customers.