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
- Industry
- Financial Services
- Location
- United Kingdom
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Ripple Acquires Fortress Trust
September 8, 2023
Financial Services
Ripple has agreed to acquire Fortress Trust, a subsidiary of Fortress Blockchain Technologies, bringing a Nevada trust license and Web3 custody and payments infrastructure into Ripple's enterprise crypto stack. The acquisition expands Ripple's regulatory licenses and capabilities across payments, custody, and tokenization; the deal remains subject to due diligence and regulatory approvals.
-
Bleecker Street Group Acquires Ripple Operations
September 21, 2023
Software
Bleecker Street Group has acquired Ripple (also referenced as Ripple Operations), a provider of integrated maritime software solutions for tugboat, towboat, barge and large ferry operators. Ripple will become a wholly owned subsidiary of Bleecker Street Group to accelerate product development, expand go-to-market efforts and strengthen Bleecker Street's maritime and supply chain software portfolio.
-
Ripple Acquires Palisade to Expand Digital Asset Custody
November 3, 2025
Payments & Fintech
Ripple has acquired Palisade, a London-based digital asset wallet and custody technology company, to bolster Ripple Custody with wallet-as-a-service capabilities. The deal integrates Palisade's MPC-based, multi-chain wallet tech into Ripple Payments, expanding Ripple's ability to serve fintechs, corporates, and crypto-native institutions with faster wallet provisioning and high-frequency transaction support.
-
Ripple Acquires Standard Custody & Trust Company
February 13, 2024
Financial Services
Ripple has agreed to acquire Standard Custody & Trust Company, an institutional-grade digital-asset custody and trust platform (a subsidiary of PolySign, Inc.), to expand its portfolio of regulatory licenses and strengthen its custody and payments capabilities. The deal brings Standard Custody’s limited-purpose trust charter and money transmitter licenses into Ripple’s regulatory footprint; closing is subject to regulatory approvals and standard conditions.
-
Hidden Harbor Capital Invests in Coast to Coast Logistics
February 11, 2025
Logistics & Distribution
Hidden Harbor Capital Partners has made a strategic growth investment in Coast to Coast Logistics, a Deerfield, Illinois–based non-asset third-party logistics provider specializing in drayage freight brokerage. The deal will provide capital and resources to support the company's growth and market expansion while CEO and founder David Fishbein remains as CEO and an equity holder.
-
RXO Acquires Coyote Logistics from UPS for $1.025 Billion
September 16, 2024
Logistics & Distribution
RXO (NYSE: RXO) has completed the acquisition of Coyote Logistics from UPS for $1.025 billion, making RXO the third-largest provider of brokered transportation in North America. The deal expands RXO's customer base, carrier network and market scale while integrating Coyote's people and technology into RXO's asset-light, tech-enabled brokerage platform.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.