Ripple Acquires Hidden Road, Launches Ripple Prime: Expanding Institutional Crypto Reach

In a major move that reshuffles the landscape of the crypto industry, Ripple has completed the acquisition of Hidden Road for $1.25 billion. The company is renaming it Ripple Prime and establishing itself as the first crypto firm to own a global multi-asset prime broker. This strategic acquisition paves the way for Ripple to actively engage with institutional clients seeking to integrate digital assets into their operations.