Ripple Announces $1.25B Acquisition Of Hidden Road To Set Major Milestone
Ripple Labs has announced a major acquisition to shock the market out of an otherwise dreadful week. Taking to X (formerly Twitter), the crypto firm announced that it has acquired Hidden Road, a brokerage, clearing, and financing firm as it moves forward in its mission to become the leader for institutional investors moving into the digital assets space. Ripple Acquires Hidden Road For $1.25 Billion The Tuesday announcement by Ripple has further solidified the mission that the crypto firm has long put forward, and that is to provide instant and quick transfer of value for traditional and....
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On Friday, Ripple Labs announced the launch of “Prime Time,” following its acquisition of Hidden Road. The company will now be rebranded as Ripple Prime. The company confirmed the completion of the acquisition, making Ripple Labs the first blockchain payment company to operate as a global, multi-asset prime broker. How Ripple Prime Is Expected To […]
Ripple has announced the completion of its acquisition of Hidden Road, officially rebranding the global non-bank prime broker as Ripple Prime. This is a historic moment for the company, as it makes the payment firm the first crypto-based company to own and operate a global, multi-asset prime brokerage platform. The acquisition is also a major […]
In an interview on BFM Business, Ripple’s Managing Director for the UK & Europe, Cassie Craddock, lifted the veil on how the blockchain company intends to weave the XRP Ledger into the fabric of prime brokerage. Speaking about Ripple’s $1.25 billion acquisition of London‑headquartered Hidden Road, Craddock confirmed that the forthcoming Ripple USD‑backed stablecoin, RLUSD, […]
Ripple’s push into traditional finance appears to have taken another step forward after its institutional brokerage platform, Hidden Road, was listed in the National Securities Clearing Corporation (NSCC) directory under the Depository Trust & Clearing Corporation (DTCC). The implications of this development, which recently went live, are massive for both Ripple and XRP. Members of the XRP community are seeing the development as a signal that Ripple is steadily positioning itself inside the infrastructure that powers conventional financial markets. Hidden Road’s DTCC Listing Places Ripple....
Ripple has finished its $1.25 billion purchase of Hidden Road and rebranded the firm as Ripple Prime, company leaders confirmed. According to executive remarks, the deal makes Ripple the first crypto company to own and run a global, multi-asset prime broker. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions Ripple President Monica Long said on X that the “future ahead is mighty bright,” and reports show the company is already moving to use XRP in new ways inside the prime brokerage business. Ripple Completes Hidden Road Deal Based on reports, Ripple Prime....