April 8, 2025, 10:20 am
Ripple has confirmed its largest acquisition to date by buying prime brokerage firm Hidden Road for $1.25 billion. This strategic move is designed to bolster Ripple’s service offerings and expand its capabilities in the rapidly evolving crypto and fintech sectors. The acquisition underscores Ripple’s intent to consolidate its market position amid increasing competition and innovation within the financial technology landscape. The news has been reported by multiple outlets, reinforcing its significance as a major corporate milestone in the crypto industry.
Ripple is acquiring Hidden Road for $1.25B, marking one of the largest deals in digital assets and strengthening Ripple's position in digital asset infrastructure for financial institutions.
Hidden Road, founded in 2018, clears over US$3 trillion yearly and serves 300+ institutional clients.
Crypto startup Ripple said Tuesday that it's agreed to buy prime brokerage firm Hidden Road for $1.25 billion in the company's biggest acquisition to date.
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