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Ripple Acquires Hidden Road for $1.25B in Cash, XRP, and Stock

  • Ripple acquires Hidden Road in a deal worth $1.25 billion in cash, XRP tokens, and stock.
  • The acquisition positions Ripple as the first crypto firm with a global multi-asset prime broker.
  • Ripple aims to expand its leadership in financial institution digital payments through prime brokerage solutions.
  • The acquisition allows Ripple to offer secure digital asset custody services to Hidden Road clients.

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