Ripple Completes Hidden Road Acquisition, Launches Ripple Prime

Ripple has officially announced the completion of its acquisition of non-bank prime broker Hidden Road, now rebranded as Ripple Prime. This marks a pivotal moment for Ripple, representing one of its most significant deals to date and a substantial expansion of its operational footprint beyond the digital assets sector.

Expanding Financial Services

Ripple now stands as the first crypto company to own and operate a multi-asset prime broker. Ripple Prime offers a comprehensive suite of services, encompassing clearing, financing, and brokerage across digital assets, derivatives, swaps, foreign exchange, and fixed-income products tailored for institutional clients.

Ripple Prime's Rapid Growth

Since the initial announcement of the $1.25 billion acquisition in early April, Ripple Prime has experienced remarkable growth, with business activity tripling. The company anticipates further expansion fueled by both new and existing clientele.

Bridging TradFi and Digital Assets

Ripple is at the forefront of bridging the gap between traditional finance (TradFi) and the digital asset space. The company integrates blockchain technology and crypto products to empower banks in conducting cross-border transactions and other financial operations.

Blockchain Integration Plans

Ripple intends to integrate blockchain capabilities into Ripple Prime, aiming to streamline operations and optimize costs. The Ripple USD (RLUSD) stablecoin is expected to play a crucial role in this transition, with certain derivatives customers already opting to hold balances in RLUSD. The stablecoin also serves as collateral for various prime brokerage products.

Acquisition Spree

The acquisition of Hidden Road follows a series of strategic moves by Ripple. Recent acquisitions include treasury management system provider GTreasury and stablecoin-powered payment platform Rail. These deals build upon the acquisitions of Standard Custody in June 2024 and Metaco in June 2023, representing six strategic acquisitions in 28 months as part of Ripple’s broader strategy to offer blockchain and crypto solutions to institutions.

Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.

Latest news

gold

Sunday, 9 August 2026

Indices

Gold Price Today, August 10, 2026: Gold Holds Near $4,340 After Best Week Since January

dollar

Sunday, 9 August 2026

Indices

US Dollar Nears Two-Month Low as EUR/USD Hits Seven-Week High

Sunday, 9 August 2026

Indices

CPI Preview: July Inflation Could Decide Whether the Fed’s Hiking Cycle Is Over

Coherent stock

Sunday, 9 August 2026

Indices

Coherent Earnings Preview: AI Optics Boom Faces an August 12 Reality Check

oil price news today

Sunday, 9 August 2026

Indices

Oil Prices Rise 1% as Iran’s Hormuz Demands Delay Reopening

Sunday, 9 August 2026

Indices

US July PPI Preview: Inflation’s Second Test Could Shake Fed Rate Bets

crypto

Sunday, 9 August 2026

Indices

Bitcoin Holds Near $65,000 as Ethereum Rallies Nearly 8%

CoreWeave stock

Sunday, 9 August 2026

Indices

CoreWeave Earnings Preview: Can AI Demand Outrun Its Massive Spending?

gold

Thursday, 6 August 2026

Indices

Gold Price Today, August 7: XAU/USD Holds Near $4,250 Before US Jobs Report

usd-jpy

Thursday, 6 August 2026

Indices

USD/JPY Rises 0.4% to 158.40 as US Jobs Report Tests Yen Recovery