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Breaking: Ripple Acquires Hidden Road for $1.25 Billion, Becomes First Crypto Company with Multi-Asset Prime Broker

  • Ripple acquires Hidden Road for $1.25 billion, becoming the first crypto company with a multi-asset prime broker.
  • This acquisition aims to support institutional adoption of crypto and bridge the gap between traditional finance and decentralized finance.
  • Ripple's acquisition enhances infrastructure and unlocks significant growth for Hidden Road's business.
  • Hidden Road will migrate post-trade activity to XRPL, streamlining operations and decreasing costs.

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