Ripple’s $1.25 Billion Acquisition Creates Crypto Prime Broker Giant
Ripple has entered a definitive agreement to acquire global prime brokerage platform Hidden Road for $1.25 billion, the enterprise blockchain and crypto solutions provider announced in a statement.
The acquisition will enable Ripple to rapidly scale Hidden Road’s institutional services across a wide range of asset classes, including foreign exchange (FX), digital assets, and derivatives. Hidden Road, known for its fast growth in the prime brokerage space, offers institutions a comprehensive suite of services encompassing clearing, prime brokerage, and financing.
“We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory overhang of…
