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Ripple Acquires Hidden Road for $1.25 Billion, Expanding Its Reach in Crypto Brokerage

  • Ripple acquires Hidden Road for $1.25 billion, expanding its reach in crypto brokerage.
  • The deal positions Ripple as a pioneer in the digital assets space and the first cryptocurrency company to own and operate a global, multi-asset primary brokerage firm.
  • Hidden Road is a rapidly growing primary brokerage handling $3 trillion in annual trades and serving over 300 institutional clients.
  • Ripple plans to integrate Hidden Road's post-trade activities into the XRP Ledger, furthering its vision for XRPL as the blockchain of choice for enterprise decentralized finance.

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