Mastodon Ripple Labs Acquires Prime Broker Hidden Road For $1.25 Billion | Coinspeaker Trending Global News - Trending Global News
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Ripple Labs Acquires Prime Broker Hidden Road For $1.25 Billion | Coinspeaker Trending Global News

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Major note

  • Ripple Labs, a giant company, has bought a brokerage firm, Hidden Road.
  • The digital currency payment firm announced that the deal is priced at $ 1.25 billion, which makes it the largest in the market.
  • The acquisition will integrate several ripple products including RLUSD and XRP laser.

The American tech company, Ripple Labs, one of the largest deals in Crypto Ecosystem, is back in the headlines after the acquisition of $ 1.25 billion of Prime Brokerage firm Hidden Road.

UpdatedRipple Labs stated that the acquisition is not mainly about the expenditure of $ 1.25 billion. Rather, the company sees it as a strategic opportunity to bridge the difference between traditional markets and digital finance.


Hidden Road works with more than 300 top financial institutions and cleanses approximately $ 3 trillion annually. Ripple believes that the deal will provide the necessary leverage to become more effective within a comprehensive financial system.

A strategic step in traditional finance

Estimates show that the acquisition will use ripple labs up to the broader network of Hidden Road, making more institutional players capable of integrating blockchain in their daily operations.

While sharing the news on X, Ripple CEO Brad Garlinghouse stated that the acquisition gave the firm a rare opportunity to enter some of the most established and reliable financial markets. He said that Hidden Road has proved itself as a reliable link among market makers, hedge funds and traders in various fields.

Ripple experiences the customer of the road hidden over the years, the broker’s strong internal systems, risk management and large versions of business.

There is a plan to use XRP laser (XRPL) to speed up the settlement process. Instead of waiting for trades to settle through traditional bank systems, some trades will now become clear on XRPL. This means rapid and cheap transaction.

Hidden Road will also use Ripple’s RLUSD stabechoin as collateral in trading including crypto and traditional assets.

It is important to add that this acquisition is another groundbreaking news for investors and XRP supporters of Ripple Labs. This is because the company no longer has a legal dispute with the American Securities and Exchange Commission (SEC). Brad Garlinghouse confirmed last month that they were in the final stages of resolving the case.

Ripple expands the role in institutional defi

The deal with Hidden Road supports the long -term target of Ripple Labs to become the top platform for institutional decentralized finance (DEFI).

For reference, Ripple is expanding its border payment services. It recently obtained a license from the Dubai Financial Services Authority (DFSA), allowing it to offer regulated XRP payments in the United Arab Emirates. The company sees this acquisition as improving liquidity and reducing client costs.

Nevertheless, with more than 60 regulatory licenses and registrations in many countries, Ripple has been well deployed to offer digital asset detention and token services. Hidden Road customers, many of which are used for traditional finance standards, can now reach a ripple digital tool without compromising on trusts or security.

Hidden Road founder and CEO Mark Ash said that the deal would allow brokerage to increase its service capacity, offer new products and reach more markets. He believes that under Ripple’s umbrella, it can maintain the same level of customers, offering a more modern, digital approach.

The acquisition is expected to be closed in the coming months, pending regulatory approval.

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Benjamin Godfrey is a blockchain enthusiastic and journalist who writes about the real -life applications of blockchain technology and innovations that are to run general acceptance and integration of emerging technology worldwide. His desire to educate people about cryptocurrency inspires his contribution to the famous blockchain media and sites.

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