Ripple Seals $1.25 Billion Hidden Road Deal Amid Acquisition Streak

Ripple officially completed its Hidden Road acquisition, becoming the first crypto firm to own a global multi-asset prime broker.

The $1.25 billion deal will embed Ripple’s technology and products into institutional operations, further strengthening its presence in traditional finance.

Ripple announced today the completion of its acquisition of one of the world’s fastest-growing non-bank prime brokers. As part of this move, Hidden Road will now operate under the name Ripple Prime.

The news confirms Ripple’s takeover of a global, multi-asset prime brokerage, solidifying plans the company first set in motion in April. The new entity will offer institutional clients services such as clearing, financing, and access to markets spanning foreign exchange, derivatives, fixed income, and digital assets.

With Ripple’s acquisition of Hidden Road finalized, it’s finally time to “SUPERCHARGE XRP’S UTILITY.”