- Ripple is acquiring Hidden Road for $1.25 billion.
- Deal includes cash, XRP tokens, and Ripple stock.
- Hidden Road founder to lead brokerage under Ripple.
Ripple Expands with Major Brokerage Acquisition
Ripple is making a bold move to strengthen its position in the crypto ecosystem by acquiring Hidden Road, a crypto-friendly prime brokerage, for $1.25 billion. The acquisition will be settled using a mix of cash, XRP tokens, and Ripple company stock, showcasing Ripple’s strategy of leveraging its native asset as part of its business operations.
The deal, which is still subject to regulatory approval, is expected to close in the coming months. It marks one of Ripple’s largest acquisitions to date and signals a deepening commitment to expanding institutional crypto services.
What Hidden Road Brings to Ripple
Hidden Road is known for providing access to deep liquidity, prime brokerage services, and streamlined trade execution across digital assets. By bringing the firm under its umbrella, Ripple aims to boost its infrastructure for institutional clients and improve service offerings in the crypto trading and settlement space.
Notably, Marc Asch, Hidden Road’s founder, will stay on board to lead the prime brokerage business within Ripple, ensuring continuity and expertise as the two companies integrate.
A Strategic Move Amid Regulatory Hurdles
Ripple’s acquisition comes at a time when regulatory scrutiny in the crypto space remains intense. The company has been involved in a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), but that hasn’t slowed its expansion efforts.
By bringing Hidden Road into its ecosystem, Ripple is betting on the long-term growth of institutional adoption in crypto. This acquisition may also help Ripple diversify its services and build a more resilient global financial network that integrates traditional finance with digital assets.
