Ripple Labs acquires prime brokerage firm Hidden Road, aiming to expand the use of XRP Ledger in global finance
The acquisition valued at $1.25 billion sets the stage for migrating Hidden Road's post-trade clearing operations onto XRPL
The integration of Hidden Road's systems will showcase XRPL's scalability and efficiency in meeting the high demands of international financial operations
Ripple's stablecoin, RLUSD, is expected to be used as collateral for Hidden Road's prime brokerage services, aiming to build credibility in traditional finance