Ripple plans to acquire the prime broker Hidden Road for approximately $1.25 billion as part of its strategy to deepen its presence in the institutional finance sector. This acquisition is a significant step for Ripple as it seeks to expand its offerings and services related to digital assets. The deal is expected to enhance Ripple's capabilities, particularly in facilitating crypto trading and finance for institutional clients. This move comes amid a growing interest among traditional financial institutions in blockchain technology and cryptocurrency services. Ripple's shift toward institutional solutions highlights the increasing acceptance of digital currencies in mainstream finance, and further indicates the company's commitment to supporting institutional adoption of crypto assets. The financial implications of this acquisition could position Ripple as a more formidable player in the digital finance landscape, potentially impacting its competitive standing against other blockchain firms.

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