In a significant move, Ripple Labs has acquired Hidden Road, a company specializing in institutional finance, for a staggering $1.25 billion. This strategic acquisition bolsters the XRP Ledger’s presence in the financial world, specifically targeting institutional clients. The deal is expected to yield substantial returns as it paves the way for increased efficiency and cost-reduction within institutional transactions. Ripple will leverage Hidden Road’s expertise and existing U.S. broker-dealer license (now FINRA approved) to bring a trusted solution to institutional customers. This acquisition marks a significant step towards Ripple’s goal of facilitating smooth and efficient digital finance integration for institutions.