Ripple Seals $1.25 Billion Hidden Road Deal Amid Acquisition Streak
Ripple formally accomplished its Hidden Road acquisition, changing into the primary crypto agency to personal a worldwide multi-asset prime dealer.
The $1.25 billion deal will embed Ripple’s expertise and merchandise into institutional operations, additional strengthening its presence in conventional finance.
Hidden Road Rebrands Under Ripple Prime
Ripple introduced immediately the completion of its acquisition of one of many world’s fastest-growing non-bank prime brokers. As a part of this transfer, Hidden Road will now function below the identify Ripple Prime.
The information confirms Ripple’s takeover of a worldwide, multi-asset prime brokerage, solidifying plans the corporate first set in motion in April. The new entity will supply institutional shoppers providers corresponding to clearing, financing, and entry to markets spanning international alternate, derivatives, mounted earnings, and digital belongings.
Ripple Prime’s shoppers will now achieve entry to Ripple’s digital asset ecosystem, including the XRP Ledger (XRPL) and the RLUSD stablecoin.
Both are being built-in into the corporate’s prime brokerage providers. Ripple says RLUSD is already used as collateral for derivatives merchandise, with adoption anticipated to extend.
“The synergies between the 2 companies made this acquisition a logical subsequent step to help institutional adoption of digital belongings. Ripple’s foundational digital asset infrastructure throughout funds, crypto custody and stablecoin, in addition to the usage of XRP, will complement the providers supplied inside Ripple Prime,” learn the official press launch.
The transfer is the newest in a sequence of acquisitions Ripple has made lately.
Ripple Continues Acquisition Streak
Last week, Ripple spent $1 billion to purchase GTreasury, a company treasury administration agency. The transfer reinforces the corporate’s ambition to deepen its integration into the US banking and monetary system.
It additionally marked Ripple’s third main acquisition this 12 months, every aimed toward increasing the corporate’s entry to conventional finance (TradFi) infrastructure.
In August, Ripple additionally agreed to acquire Rail for $200 million. The Toronto-based funds platform makes a speciality of stablecoin infrastructure and cross-border transaction expertise.
The deal continues to be pending regulatory approval and is predicted to shut within the fourth quarter of 2025. Once finalized, it should merge Rail’s expertise infrastructure with Ripple’s current funds and stablecoin ecosystem.
Ripple has additionally taken separate measures to combine right into a broader institutional growth technique. Last week, the agency reportedly introduced plans for a $1 billion fundraising round to construct a digital asset treasury (DAT) of its native XRP token.
The DAT plan, if confirmed, would give Ripple larger management over XRP liquidity and treasury assets, which might help future institutional operations, together with Ripple Prime.
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