Ripple has achieved a significant milestone in the digital asset space by completing its acquisition of Hidden Road, establishing itself as the first cryptocurrency company to own and operate a global multi-asset prime broker. This strategic move, valued at $1.25 billion, marks a transformative step in bridging traditional finance with the digital asset ecosystem.
Introducing Ripple Prime: We’re pleased to share that our acquisition of Hidden Road is officially complete, making Ripple the first crypto company to own and operate a global, multi-asset prime broker – bringing the promise of digital assets to institutional customers at scale.…
— Ripple (@Ripple) October 24, 2025
A Strategic Integration for Institutional Growth
Hidden Road brings impressive credentials to this partnership, processing $3 trillion in annual clearing volumes across various markets. The firm serves more than 300 top-tier institutional customers through its comprehensive suite of services. These services include clearing, prime brokerage, and financing solutions across multiple asset classes, including foreign exchange, digital assets, derivatives, and fixed income. Ripple’s substantial financial backing will enable Hidden Road to expand its service capacity significantly and potentially become one of the largest non-bank prime brokers globally.
Enhanced Infrastructure and Innovation
The acquisition introduces several technological advancements to Ripple’s ecosystem. The company’s stablecoin, Ripple USD (RLUSD), will become the first stablecoin enabling efficient cross-margining between digital assets and traditional markets. Hidden Road plans to migrate its post-trade activities to the XRP Ledger, demonstrating the platform’s potential for institutional decentralized finance. These integrations aim to streamline operations, reduce costs, and optimize liquidity management across Ripple’s payment solutions.
Shaping the Future of Institutional Crypto Services
This strategic acquisition positions Ripple at the forefront of institutional crypto adoption. The company now holds more than 60 regulatory licenses and registrations across various jurisdictions, providing a robust foundation for serving institutional clients. Through this integration, Ripple aims to deliver the same level of trust and reliability that institutional clients expect from traditional markets, while optimizing these services for the digital age. This development represents a significant step toward mainstream adoption of digital assets and demonstrates Ripple’s commitment to building professional-grade crypto infrastructure.
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[…] “Introducing Ripple Prime: We’re pleased to share that our acquisition of Hidden Road is officially complete, making Ripple the first crypto company to own and operate a global, multi-asset prime broker – bringing the promise of digital assets to institutional customers at scale.” —Ripple (@Ripple) October 24, 2025: source […]