Ripple Acquires Hidden Road to Expand Institutional Crypto Services

Edited by: Yuliya Shumai

Ripple announced today its acquisition of Hidden Road, a prime brokerage specializing in crypto and foreign exchange. The deal, consisting of mostly cash, XRP, and stock, aims to broaden Ripple's services to attract larger institutional clients. Ripple plans to inject billions of dollars into Hidden Road to scale its prime brokerage services, which facilitated $3 trillion in transfers in 2024. As part of the acquisition, Hidden Road will integrate Ripple's RLUSD stablecoin as collateral and explore using the XRP Ledger to improve settlement efficiency. The acquisition is pending regulatory approval.

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