Ripple’s Acquisition May Unlock $16 Trillion for Institutional Finance

John Deaton, a lawyer representing Ripple, suggests the company’s acquisition of Hidden Road could signal its intention to expand into the burgeoning $16 trillion institutional finance market. Ripple has significantly invested in enhancing its custody services, acquiring Metaco in 2023 and Standard Custody in June 2024. Chamath Palihapitiya, prominent investor and entrepreneur, is expected to elaborate on this strategy in a forthcoming interview.