Ripple acquires prime broker Hidden Road for $1.25B, aiming to bridge traditional and decentralized finance with institutional clients.
Hidden Road's post-trade activity will be migrated to XRPL, bringing cost and liquidity benefits for Ripple's payment solutions.
RLUSD will become the first stablecoin enabling cross-margining between crypto and traditional markets on Hidden Road.
Ripple's acquisition of Hidden Road marks the largest deal in the crypto space and opens up opportunities for crypto and traditional markets to access each other.