Digital Ascension Group CEO Jake Claver said Ripple spent approximately $2.45 billion on acquisitions over the past seven months to assemble what he described as the “Amazon of financial infrastructure,” a vertically integrated system with XRP and the company’s RLUSD stablecoin serving as the settlement layer.

What Happened: Acquisition Strategy Detailed

Claver outlined the spending in a recent video, arguing the purchases form “pillars for a master plan” that mirrors how Amazon built dominance by owning infrastructure rather than selling products.

The most prominent deal was the $1.25 billion purchase of Hidden Road in April, now rebranded as “Ripple Prime.”

He said Hidden Road served more than 300 institutional clients and cleared…