US EditionRipple Announces $1.25 Billion Acquisition of Prime Broker Hidden Road
- Ripple announced its acquisition of Hidden Road for $1.25 billion, marking one of the largest deals in the cryptocurrency industry.
- Hidden Road processes over $3 trillion annually and serves more than 300 institutional clients, enhancing Ripple's market position.
- The acquisition enables Ripple to operate a global multi-asset prime broker and offers potential for growth in the stablecoin market with the integration of Ripple's RLUSD.
- The deal is expected to close by late 2025, pending regulatory approvals, as Ripple looks to bridge traditional finance with blockchain technology.
106 Articles
106 Articles
Ripple’s $1.25 Billion Hidden Road Acquisition Reshapes Institutional Crypto Finance
Ripple, a leading blockchain-based payments company and the issuer of XRP cryptocurrency, announced on April 8 its acquisition of Hidden Road for $1.25 billion. This deal marks one of the largest in the cryptocurrency industry and positions Ripple as the first crypto firm to own a global, multi-asset prime brokerage. Hidden Road, established in 2018, […]
Ripple to acquire Hidden Road for $1.25B in one of crypto’s largest deals - Tech Startups
Despite the plunge in the price of cryptocurrencies this year, Ripple is doubling down. The crypto startup announced Tuesday it’s acquiring multi-asset prime broker Hidden Road in a $1.25 billion deal—one of the largest in its history. This marks only […] The post Ripple to acquire Hidden Road for $1.25B in one of crypto’s largest deals first appeared on Tech Startups.
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