Ripple Acquires Prime Broker Hidden Road for $1.25B

April 8, 2025

Ripple has agreed to acquire Hidden Road for $1.25 billion, becoming the first crypto company to own and operate a global multi-asset prime broker. The deal expands Ripple's institutional infrastructure capabilities—Hidden Road clears roughly $3 trillion annually for more than 300 institutional clients and will migrate post-trade activity to the XRP Ledger while leveraging RLUSD stablecoin for cross-margining.

Buyers
Ripple
Targets
Hidden Road
Location
United Kingdom
Transaction Type
Buyout

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