Overview

• Ripple has announced a $1.25 billion agreement to acquire Hidden Road, a prime brokerage firm clearing over $3 trillion annually for more than 300 institutional clients.
• The deal will incorporate Ripple’s RLUSD stablecoin as collateral and utilize the XRP Ledger to improve settlement efficiency across Hidden Road’s services.
• Ripple plans to inject billions of dollars into Hidden Road to rapidly scale its operations and position it as the largest non-bank prime broker globally.
• The acquisition reflects a favorable shift in U.S. regulatory conditions, enabling greater institutional adoption of digital assets.
• Hidden Road’s founder, Marc Asch, will continue to lead the firm under Ripple, with the deal expected to close in the coming months pending regulatory approval.