<ul><li>Stablecoin company Ripple has acquired prime brokerage Hidden Road for $1.25 billion, making it the first cryptocurrency company to own and operate a multi-asset prime broker.</li><li>Hidden Road is a rapidly growing prime broker that offers clearing, prime brokerage, and financing services across various markets.</li><li>The acquisition aims to bring credibility and professional trading services to digital assets and bridge the gap between traditional finance and decentralized finance.</li><li>With Ripple's support, Hidden Road can become the largest non-bank prime broker globally, catering to institutional customers on a large scale.</li></ul>

Ripple Pays $1.25 Billion For Prime Brokerage Hidden Road

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