Ripple Labs Acquires Prime Broker Hidden Road For $1.25 Billion
The post Ripple Labs Acquires Prime Broker Hidden Road For $1.25 Billion appeared on BitcoinEthereumNews.com.
Key Notes Payments giant Ripple Labs has bought a brokerage firm, Hidden Road. The digital currency payments firm announced the deal is valued at $1.25 billion, making it one of the largest in the market. The acquisition will integrate several of Ripple’s products, including RLUSD and the XRP Ledger. Ripple Labs, the American tech company, is back in the spotlight following its $1.25 billion acquisition of prime brokerage firm Hidden Road, one of the biggest deals in the crypto ecosystem. According to the update, Ripple Labs said the acquisition is not primarily about the $1.25 billion spent. Rather, the company sees it as a strategic opportunity to bridge the gap between traditional markets and digital finance. Hidden Road works with over 300 top financial institutions and clears approximately $3 trillion annually. Ripple believes this deal will provide the leverage needed to become more effective within the broader financial system. A Strategic Step into Traditional Finance Projections suggest the acquisition will grant Ripple Labs access to Hidden Road’s extensive network, enabling more institutional players to integrate blockchain into their daily operations. While sharing the news on X, Brad Garlinghouse, Ripple’s CEO, said the acquisition gives the firm a rare chance to enter some of the most established and trusted financial markets. He added that Hidden Road has proven itself as a reliable link between market makers, hedge funds, and traders across different sectors. Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted… — Brad Garlinghouse (@bgarlinghouse) April 8, 2025 Ripple, a customer of Hidden Road for years, understands the broker’s strong internal systems, risk…
Filed under: News - @ April 9, 2025 6:23 am