Ripple Acquires Hidden Road for $1.25 Billion, Becomes First Crypto Company with Multi-Asset Prime Broker

Ripple has announced its acquisition of Hidden Road for $1.25 billion, marking one of the largest deals in the digital assets sector. This acquisition makes Ripple the first crypto company to own and operate a global, multi-asset prime broker. Hidden Road, a rapidly growing prime broker, provides services including clearing, prime brokerage, and financing across foreign exchange, digital assets, derivatives, swaps, and fixed income.Ripple Acquisition Supports Institutional Adoption of CryptoThe acquisition aims to support the next phase of growth in the crypto industry by providing the infrastructure necessary for institutional adoption. Prime brokers are seen as essential for bringing credibility and professional trading services to digital assets, helping to bridge the gap between traditional finance and decentralized finance.Today, Ripple announced it is acquiring Hidden Road for $1.25B– becoming the first crypto company to own and operate a global, multi-asset prime broker. Together, Ripple and Hidden Road are bringing the promise of digital assets to institutional customers at scale, bridging…— Ripple (@Ripple) April 8, 2025"We are at an inflection point for the next phase of digital asset adoption — the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance," said Brad Garlinghouse, CEO of Ripple. "With these tailwinds, we are continuing to pursue opportunities to massively transform the space. leveraging our position and the strengths of XRP to accelerate our business and enhance our current solutions and technology." This article was written by Tareq Sikder at www.financemagnates.com.

Apr 8, 2025 - 13:21

Ripple Acquires Hidden Road for $1.25 Billion, Becomes First Crypto Company with Multi-Asset Prime Broker

Ripple has announced its acquisition of Hidden Road for $1.25 billion, marking one of the largest deals in the digital assets sector. This acquisition makes Ripple the first crypto company to own and operate a global, multi-asset prime broker.

Hidden Road, a rapidly growing prime broker, provides services including clearing, prime brokerage, and financing across foreign exchange, digital assets, derivatives, swaps, and fixed income.

Ripple Acquisition Supports Institutional Adoption of Crypto

The acquisition aims to support the next phase of growth in the crypto industry by providing the infrastructure necessary for institutional adoption. Prime brokers are seen as essential for bringing credibility and professional trading services to digital assets, helping to bridge the gap between traditional finance and decentralized finance.

Today, Ripple announced it is acquiring Hidden Road for $1.25B– becoming the first crypto company to own and operate a global, multi-asset prime broker. Together, Ripple and Hidden Road are bringing the promise of digital assets to institutional customers at scale, bridging…— Ripple (@Ripple) April 8, 2025

"We are at an inflection point for the next phase of digital asset adoption — the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance," said Brad Garlinghouse, CEO of Ripple.

"With these tailwinds, we are continuing to pursue opportunities to massively transform the space. leveraging our position and the strengths of XRP to accelerate our business and enhance our current solutions and technology." This article was written by Tareq Sikder at www.financemagnates.com.