<ul><li>In a major acquisition, Ripple is set to acquire prime brokerage firm Hidden Road for $1.25 billion, aiming to serve institutional clients and expand its presence.</li><li>Hidden Road, which processes over $3 trillion in foreign exchange, derivatives, digital assets, and fixed income annually, will continue to operate under its brand and expand its services leveraging Ripple's infrastructure.</li><li>Ripple plans to integrate its recently launched stablecoin RLUSD into Hidden Road's operations, allowing it to be used as collateral for cross-margining between traditional and digital asset markets.</li><li>By migrating parts of its post-trade operations onto the XRP Ledger, Hidden Road will reduce transaction costs and accelerate processing times, validating the ledger's readiness for large-scale institutional finance.</li></ul>

Ripple News Today: Ripple to Acquire Hidden Road in $1.25B Deal, Boosting RLUSD and XRP

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