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Ripple Drops $1.25B Bombshell, Acquires Prime Broker Clearing $3T Annually

  • 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.

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