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We’ve summarized Ripple’s acquisition of Hidden Road and the launch of ‘Ripple Prime’.
Global blockchain company Ripple has acquired global prime brokerage firm Hidden Road and launched ‘Ripple Prime’.
Hidden Road is a firm handling various asset classes and providing clearing, prime brokerage, and financial services.
Hidden Road processes over $3 trillion annually across foreign exchange, derivatives, digital assets, and bond markets, serving more than 300 institutional clients, including hedge funds.
Through this acquisition, Ripple has positioned itself as the first cryptocurrency company to own and operate a multi-asset prime brokerage platform.
The newly launched Ripple Prime is an integrated trading, financing, and settlement platform for institutional investors, offering comprehensive services across multiple asset classes including foreign exchange, digital assets, and derivatives.
This acquisition is being hailed as an M&A case study bridging the digital asset market and traditional finance.
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