US EditionIs Ripple’s Hidden Road deal part of a SoftBank-like playbook?
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Is Ripple’s Hidden Road deal part of a SoftBank-like playbook?
Ripple has made a slew of acquisitions to control key transaction rails and route them through XRP and its stablecoin, Ripple USD (RLUSD), drawing comparisons to Japanese investment firm SoftBank. The $1.25-billion acquisition of Hidden Road on April 8 allows Ripple to use RLUSD as collateral in the firm’s prime brokerage products. Hidden Road will also migrate its post-trade operations to the XRP Ledger, the blockchain that underpins cryptocur…
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