NewsBTC
Oct 25, 2025
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Ripple Completes $1.25 Billion Acquisition of Hidden Road

Ripple Completes $1.25 Billion Acquisition of Hidden Road

Ripple has finalized its acquisition of Hidden Road for $1.25 billion, rebranding it as Ripple Prime.

  • The deal positions Ripple as the first crypto company to own and operate a global multi-asset prime broker.
  • Ripple Prime will offer services including clearing, financing, and prime brokerage across asset classes like FX, derivatives, swaps, and digital assets.
  • Hidden Road's founder, Marc Asch, will continue to collaborate with Ripple's CEO Brad Garlinghouse on integration.

Ripple's Institutional Stablecoin RLUSD Gains Traction

  • RLUSD is being used as collateral in several prime brokerage products.
  • BNY Mellon serves as the primary reserve custodian for RLUSD.
  • Blockchain analytics firm Bluechip rated RLUSD with an A for stability, governance, and asset backing.

Ripple's Strategic Acquisitions

  • In addition to Hidden Road, Ripple acquired Metaco, Standard Custody, Rail, and GTreasury over two years.
  • The acquisitions aim to enhance Ripple's custody, payments, liquidity, and treasury capabilities.

XRP's Market Position

  • Ripple's initiatives could increase XRP's utility among banks and asset managers.
  • XRP currently trades between $2.30 and $2.50, maintaining resilience above $2.20.
  • Analysts suggest a potential rally could lift XRP beyond its current range, possibly above $27 in the long term.