Ripple Acquires Hidden Road, Revolutionizes Institutional Finance with $1.25 Billion Deal

Ripple has made a significant move in the crypto landscape by acquiring Hidden Road for $1.25 billion and renaming it Ripple Prime. This strategic acquisition brings Ripple to the forefront as the first cryptocurrency company to own a global multi-asset prime broker, significantly expanding its institutional presence and driving growth in financial services. 300+ institutions now trust Ripple Prime to handle $3 trillion in transactions, with XRP witnessing a 4% surge following the rebranding.