Ripple has agreed to acquire prime brokerage firm Hidden Road for $1.25 billion, marking the crypto firm’s largest deal to date and one of the biggest in the digital asset space. Hidden Road, which clears over $3 trillion annually across various markets, will begin using Ripple’s RLUSD stablecoin as collateral for its prime brokerage services. The deal reflects the growing synergy between crypto and traditional finance, bolstered by recent regulatory wins for Ripple and a more favorable U.S. policy environment.
Crypto Firm Ripple to Acquire Prime Broker Hidden Road for $1.25 Billion
