Ripple Acquires Hidden Road for $1.25B to Build a Global Digital-Asset Prime Brokerage
April 8, 2025
Ripple has agreed to acquire Hidden Road for $1.25 billion, creating the first crypto company to own and operate a global, multi-asset prime brokerage. The deal is expected to close in the coming months, subject to regulatory approvals, and will enable Hidden Road to migrate post-trade activity to the XRP Ledger while leveraging Ripple’s balance sheet and RLUSD stablecoin for cross-margining and collateral.
- Buyers
- Ripple
- Targets
- Hidden Road
- Industry
- Financial Services
- Location
- United Kingdom
- Transaction Type
- Buyout
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