Ripple Acquires Hidden Road for $1.25 Billion, Expands Institutional Services

TLDR Ripple has completed its $1.25 billion acquisition of Hidden Road, marking a major step in its institutional expansion. The acquisition rebrands Hidden Road as Ripple Prime, strengthening Ripple’s services in multi-asset prime brokerage. Ripple Prime will offer institutional clients services including clearing, financing, and access to digital assets, FX, and derivatives. Ripple’s acquisition of [...]

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