TLDR
- Ripple buys Hidden Road for $1.25B, rebranding it as Ripple Prime.
- Ripple Prime integrates XRPL and RLUSD for institutional finance.
- Ripple adds to acquisition streak after GTreasury and Rail deals.
- Ripple plans $1B XRP treasury to strengthen institutional liquidity.
Ripple has completed its $1.25 billion acquisition of Hidden Road, marking another major step in its expansion across traditional finance. The acquisition comes amid a series of high-profile purchases by the blockchain firm as it strengthens its position in institutional finance. The deal rebrands Hidden Road as Ripple Prime, expanding Ripple’s reach into multi-asset prime brokerage and deepening its integration with global financial systems.
Ripple Finalizes $1.25 Billion Hidden Road Acquisition
Ripple confirmed the completion of its acquisition of Hidden Road, a leading non-bank prime broker. With the deal finalized, the brokerage will now operate under the new name Ripple Prime.
The $1.25 billion transaction positions Ripple as the first crypto company to own a global multi-asset prime brokerage. The company stated that the integration will embed Ripple’s technology and digital asset services into institutional finance. Ripple Prime will offer clearing, financing, and access to multiple asset markets, including foreign exchange, derivatives, fixed income, and digital assets.
According to Ripple, institutional clients will now gain access to the XRP Ledger (XRPL) and the RLUSD stablecoin. Both products will be integrated into t he company’s brokerage services, expanding use cases across its ecosystem. Ripple confirmed that RLUSD is already being used as collateral for derivatives products and expects further adoption among institutional clients.
“The synergies between the two businesses made this acquisition a logical next step to support institutional adoption of digital assets,” Ripple stated in its press release.
Ripple Prime Expands Institutional Reach
The creation of Ripple Prime marks an effort to merge traditional finance operations with blockchain infrastructure. By incorporating its own products and stablecoin, Ripple aims to simplify institutional access to digital assets.
The company added that its prime brokerage will serve as a gateway for institutional investors seeking exposure to crypto within a regulated framework. With the addition of Hidden Road’s global client base, Ripple can extend its reach to new markets and asset classes while maintaining compliance standards.
Ripple’s integration of RLUSD within Ripple Prime also strengthens its stablecoin presence in institutional trading environments. The stablecoin will enable efficient collateral management and settlements across asset classes.
Ripple’s Series of Strategic Acquisitions
Ripple’s deal with Hidden Road follows a string of recent acquisitions aimed at expanding its financial footprint. Last week, the company completed a $1 billion purchase of GTreasury, a corporate treasury management platform. The move supports Ripple’s efforts to build deeper connections with U.S. banks and financial institutions.
In August, Ripple also announced plans to acquire Rail, a Toronto-based payments platform specializing in stablecoin infrastructure and cross-border payments. The $200 million deal is pending regulatory approval and is expected to close in the fourth quarter of 2025. Once approved, Rail’s technology will merge with Ripple’s existing payments and stablecoin framework.
Strengthening Ripple’s Institutional Strategy
Ripple’s expansion efforts are supported by its ongoing push to control a larger share of institutional liquidity. The company recently announced plans to raise $1 billion for a digital asset treasury (DAT) backed by its native XRP token.
If launched, the DAT would help Ripple manage XRP reserves and provide liquidity for institutional products, including Ripple Prime. The initiative aligns with Ripple’s strategy to establish itself as a leading infrastructure provider for global finance and digital assets.
With the completion of the Hidden Road acquisition, Ripple continues its move beyond payments toward becoming a full-service player in institutional finance. The rebranding to Ripple Prime marks a new phase in the company’s plan to bridge blockchain and traditional markets.
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