XRP News: Ripple To Acquires Prime Broker Hidden Road For $1.25B in Major Move
The post XRP News: Ripple To Acquires Prime Broker Hidden Road For $1.25B in Major Move appeared first on Coinpedia Fintech News
Ripple has made a major power moves as it agrees to acquire one of the fastest-growing prime brokers. This landmark deal makes Ripple the first crypto company to fully own and operate a global, multi-asset prime brokerage platform.
It announced acquiring Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space.
Earlier, in March, Kraken, one of the world’s largest cryptocurrency exchanges, said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset classes and grow its user base.
Notably, Ripple’s acquisition also boosts the roles of its stablecoin positioning it as a major player in real-world finance. Hidden Road will use RLUSD as collateral across its services, making it the first stablecoin to enable smooth cross-margining between crypto and traditional markets.
Ripple’s acquisition also boosts the role of its stablecoin, RLUSD, positioning it as a serious player in real-world finance. Hidden Road will use RLUSD as collateral across its services, making it the first stablecoin to enable smooth cross-margining between crypto and traditional markets—unlocking real utility and bridging the two worlds.
These acquisitions come at a time when the crypto industry is optimistic over relaxed crypto regulations under Trump.
Besides, Ripple recently shared a tokenization video featuring the Cardano logo sparking speculation of a potential partnership. The clip highlights RWA tokenization’s $18.9T potential by 2033, fueling excitement in both communities. However there is no confirmation from either sides.
