Ripple (XRP) has officially completed its $1.25 billion acquisition of Hidden Road, a non-bank prime brokerage, marking a defining moment in the company’s evolution from crypto payments leader to full-fledged fintech and institutional finance powerhouse.
With the deal finalized, Hidden Road has been rebranded as Ripple Prime, creating the first-ever crypto-native, multi-asset prime brokerage. The move positions Ripple as a key player bridging traditional finance (TradFi) and blockchain-based financial systems.
Ripple Prime will offer institutional clients a comprehensive suite of services, including:
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Clearing and financing
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Multi-asset trading and custody
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Access to foreign exchange (FX), derivatives, and fixed income markets
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Digital asset brokerage
“This acquisition accelerates our mission to unify traditional and blockchain-based financial services,” said Brad Garlinghouse, CEO of Ripple. “With Ripple Prime, institutions can access liquidity, financing, and settlement all in one place.”
This development cements Ripple’s status as a one-stop fintech shop, integrating payment networks, blockchain infrastructure, and institutional liquidity services under a single umbrella.
The Hidden Road acquisition gives Ripple direct access to institutional liquidity pools and prime brokerage infrastructure, previously accessible only through major Wall Street firms.
Ripple plans to integrate its upcoming stablecoin, RLUSD, and the XRP Ledger (XRPL) into Ripple Prime, enabling on-chain settlement, tokenized collateral management, and faster cross-border transactions.
These integrations will streamline financial operations for institutions while boosting adoption of blockchain technology in global finance.
