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XRP Set for a Major Utility Upgrade, Researcher Reveals

  • 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

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