• bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei

MORE FROM SPONSORED

LIVE Web3 News

ARTICLE INFORMATION

Ripple's $1.25B acquisition

Ripple’s $1.25B acquisition of Hidden Road boosts institutional presence in crypto

Fatima Al-Nouri Fatima Al-Nouri

Ripple’s $1.25B acquisition of Hidden Road marks a major leap in its institutional crypto expansion strategy.

The company announced its plans to buy Hidden Road, a London-based digital asset prime broker, for $1.25 billion. This acquisition allows RippleClick here for more Details to significantly deepen its infrastructure for institutional clients by adding credit intermediation and market access tools. The purchase comes on the heels of Ripple’s 2023 acquisition of Swiss custody firm Metaco.

Hidden Road specializes in credit and trade execution for institutions operating in the digital asset space. It offers a prime brokerage model that helps institutions access global liquidity without managing direct counterparty risk. Ripple sees this capability as a key addition to its goal of serving large-scale financial players in crypto markets.

RELATED ARTICLE ON ICN.LIVE: Ripple’s Legal Settlement With SEC

Ripple aims to simplify institutional crypto access with prime brokerage

According to Ripple President Monica Long, the move reflects growing institutional demand for reliable, capital-efficient access to digital assets. She emphasized that integrating Hidden Road’s prime brokerage will reduce the capital required for institutions to interact with crypto markets. That makes it easier for hedge funds and trading firms to scale participation across platforms.

The acquisition expands RippleClick here for more Details’s role beyond payments and tokenization. It positions the company to deliver end-to-end services that include custody, credit, and execution. CEO Brad Garlinghouse called it a pivotal moment, aligning with Ripple’s long-term plan to become a comprehensive provider of enterprise crypto solutions.

Ripple’s $1.25B acquisition adds credit strength to crypto trading

Garlinghouse noted that the combination of Ripple’s liquidity products and Hidden Road’s credit structure offers a powerful institutional toolset. This is particularly important in a market where capital efficiency and compliance are top concerns for professional clients. Ripple says the acquisition will also help streamline institutional access and address ongoing barriers to entry.

Hidden Road has built a strong reputation among hedge funds and trading firms since launching in 2018. Its approach to managing credit risk and compliance has made it a popular choice among institutions navigating crypto markets. With this acquisition, Ripple gains not only infrastructure but also direct relationships with sophisticated institutional players.

The deal is expected to close later in 2025, pending regulatory approval. Ripple said it will work closely with global regulators to complete the acquisition. That reflects Ripple’s broader focus on building compliant, enterprise-grade infrastructure in the crypto space.

The move solidifies Ripple’s effort to play a much larger role in institutional finance. With Metaco handling custody and Hidden Road offering credit and access, RippleClick here for more Details is now one step closer to becoming a one-stop solution for institutional crypto needs.

Ripple’s $1.25B acquisition is not just a financial milestone—it’s a structural shift in how it operates within the industry. This strategic expansion could mark a turning point in how institutions engage with digital assets, underlining Ripple’s evolving identity in the crypto ecosystem.

ANOTHER MUST-READ ON ICN.LIVE

What is Ripple acquiring for $1.25B?

Ripple is acquiring Hidden Road, a London-based digital asset prime broker, for $1.25 billion. Hidden Road provides institutions with access to crypto trading and liquidity while managing credit and counterparty risk. This acquisition expands Ripple’s enterprise offerings and strengthens its infrastructure for institutional finance.

Why is this acquisition significant for Ripple?

The acquisition is Ripple’s largest to date and signals its commitment to institutional crypto adoption. It adds prime brokerage services to Ripple’s existing product suite, which already includes liquidity solutions and custody through its earlier acquisition of Metaco. This positions Ripple as a full-stack enterprise provider.

What does Hidden Road do?

Hidden Road is a digital asset prime broker offering institutions credit intermediation and market access. It allows clients like hedge funds and professional traders to engage in crypto markets without holding assets directly or assuming exchange risk. Hidden Road acts as a middle layer between clients and exchanges.

When will the acquisition be completed?

Ripple expects the deal to close later in 2025. It is still subject to regulatory approvals. Ripple stated it will collaborate with regulators throughout the process, highlighting its emphasis on compliance and long-term infrastructure development.

FEATURED

EVENTS

Days
Hr
Min
Sec
 

ICN TALKS EPISODES