Ripple has announced its acquisition of Hidden Road, a crypto-friendly prime broker, for $1.25 billion, marking one of the largest acquisitions in the crypto sector. This deal follows Ripple's recent success in its ongoing legal battle with U.S. securities regulators. With Hidden Road's capabilities, which include a $3 trillion clearing across over 300 institutions, Ripple aims to become the first crypto company to operate a global, multi-asset prime broker and is poised to become the largest non-bank prime broker worldwide. Ripple CEO Brad Garlinghouse emphasized that this acquisition is crucial amid regulatory changes in the U.S., as the market is beginning to mature and adapt to traditional finance needs. Hidden Road’s founder, Marc Asch, expressed optimism about the growth potential from this acquisition, highlighting new resources and risk capital that would enable them to expand their service offerings and market reach.

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