Ripple agrees to buy prime broker Hidden Road for $1.25B to link TradFi & DeFi Analysis: Deal banks on XRPL’s power to handle Hidden Road’s $3T+ annual volume Ripple’s RLUSD stablecoin planned as collateral to ease cross-asset margining Ripple has agreed to buy Hidden Road, a prime broker that works with institutional clients in both traditional and digital assets, for $1.25 billion. The deal still needs regulatory approval and is expected to close in the next few months. This buy marks one of the biggest recent acquisitions in the crypto sector, setting up Ripple to better blend traditional finance operations with digital assets. The purchase would make Ripple the first major crypto firm to own and run a global prime brokerage that handles multiple asset types. https://twitter.com/Ripple/status/1909577621291385093 Hidden Road’s Strong Institutional Ties Hidden Road is already a key player in both traditional and digital asset markets, handling trades for over 300 institutional clients. The firm processes over $3 trillion a year in trading volume across assets like foreign exchange, digital assets, and derivatives. Ripple believes this acquisit… The post Ripple Bets $1.25B That XRPL Can Handle TradFi Volume via Hidden Road appeared first on Coin Edition .
