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Ripple is Buying Prime Broker Hidden Road for $1.25B

Ripple is making one of the biggest M&A deals in crypto ever.
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Apr 8, 2025 • 1 min read

Ripple has announced its $1.25 billion acquisition of Hidden Road, a prime brokerage serving institutional markets, to bolster its stablecoin and XRP Ledger initiatives.

What’s the Scoop?

  • Landmark Acquisition: Ripple to acquire multi-asset prime brokerage Hidden Road for $1.25 billion, marking one of the largest M&A deals in the digital asset space.
  • Institutional Expansion: Ripple plans to integrate RLUSD stablecoin for efficient cross-margining and migrate Hidden Road’s operations onto the XRP Ledger.
  • Global Footprint: Hidden Road boasts $3 trillion in annual clearing volume and a robust client base of over 300 institutions.
  • Regulatory Hurdles: The deal awaits regulatory approvals but reinforces Ripple’s push for institutional adoption of digital assets.

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