Ripple's recent $1.25 billion acquisition of Hidden Road is seen as a move to capture a share of the $16 trillion institutional finance market.
Ripple has been strategically strengthening its custody services by acquiring companies like Metaco and Standard Custody.
The acquisition of Hidden Road highlights Ripple's aim to bridge traditional finance systems with decentralized blockchain innovations.
Ripple plans to leverage its custody infrastructure to offer tokenization-as-a-service, enabling the tokenization of real-world assets on the XRP Ledger.