Ripple has officially completed its $1.25 billion acquisition of Hidden Road, marking a key milestone for the company. This deal positions Ripple as the first crypto firm to own a global multi-asset prime broker. The acquisition will integrate Ripple’s technology with Hidden Road’s services, expanding its presence in traditional finance.
As a result of the deal, Hidden Road will now operate under the name Ripple Prime. The rebranding solidifies Ripple’s plans to provide institutional clients with services like clearing, financing, and market access. These services will span foreign exchange, derivatives, fixed income, and digital assets, combining Ripple’s ecosystem with prime brokerage offerings.
Ripple emphasized that the synergy between both businesses made this acquisition a logical next step.
Ripple expects this move to accelerate institutional adoption of digital assets.
This acquisition is Ripple’s latest move to deepen its integration into traditional finance. Ripple has been actively expanding its institutional operations through a series of acquisitions. Just last week, Ripple spent $1 billion to acquire GTreasury, a corporate treasury management firm. The acquisition aligns with Ripple’s goal to further strengthen its foothold in the U.S. banking and financial system.
Additionally, Ripple plans to acquire Rail, a Toronto-based payments platform specializing in stablecoin infrastructure. The $200 million deal is still pending regulatory approval, but is expected to close in Q4 2025. Once complete, Rail’s technology will be integrated into Ripple’s existing payment and stablecoin ecosystem.
Ripple’s strategy aims to integrate digital assets into more traditional financial sectors. These moves underscore Ripple’s commitment to expanding its presence in the global financial industry. Ripple Prime will be able to offer a full range of services with Ripple’s digital asset ecosystem.
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