The blockchain-based Payments Network Ripple announced that previous crypto-friendly Prime Broker Hidden Road has acquired it in one among the most important mergers within the cryptocurrency industry.
Ripple acquires the hidden road value 1.25 billion US dollars, as the corporate officially announced on April 8.
The deal will make Ripple the primary crypto company that has a worldwide multi-asset prime broker. According to the corporate's announcement on April 8, the Akquisition Ripple will position the world's largest non-bank prime broker, with the Hidden Road currently exploiting greater than $ 3 trillion for greater than $ 300.
The acquisition also goals to strengthen the position of Ripple USD (RLUSD), a StableCoin stable coin triggered by Ripple in December 2024.
Ripple has been a hidden street science for years
Ripple has been a customer of Hidden Road for years and “knows their first -hand expertise,” said Brad Garlinghouse, CEO von Ripple, on April eighth in an X -post.
He also mentioned that the annual clearing of Hidden Road Road in Ripple-Backed XRP (XRP) and his underlying decentralized public blockchain, the XRP Ledger (XRPL), will use.
Source: Brad Garlinghouse
“Instead of waiting for as much as 24 hours to manage shops via Fiat Rails, the Hidden Road XRPL will use a part of the trades and consequently applied within the areas of RLUSD as security within the prime brokerage services,” wrote Garlinghouse on X.
“The price shouldn’t be what’s most important-it is that this offer is a novel opportunity for crypto to access the most important and most trustworthy traditional markets and vice versa,” added the CEO.
Ripple more desirous about M&A than IPO
Ripple President Monica, Monica, spoke for a very long time with the takeover of the corporate during a Fireside chat within the Paris Blockchate week 2025 and within the near future provided insights into whether Ripple is planning a primary IPO (IPO).
While just a few sources had previously been hinted on on Ripple on the strategy to an IPO after giving their criticism with the US Securities and Exchange Commission, Long said that the corporate could be more desirous about pursuing mergers and acquisitions (M&A) as an alternative.
Ripple President Monica Long during a Fireside chat with Arjun Kharpal within the Paris Blockchain week on April eighth. Source: cointelegraph
“We are definitely a player in M&A,” said Long and added:
“I believe an IPO is more sensible for an organization during which you might be on the lookout for more liquidity, and that’s currently not our restriction for growth. We are more specializing in increasing business as a non-public company and M&A & as organically.”
The crucial role of SEC management changes
Garlinghouse said that the move was within the US Digital Assets industry at an important time and makes a decisive contribution to the market in the course of a regulatory change within the United States.
“We are at a turning point for the subsequent phase of the introduction of digital assets – the US market is open for the primary time, because the regulatory overhang of the previous Sec is over, and the market matures to satisfy the needs of traditional funds,” said Garlinghouse and added:
“With these tailwind we proceed to pursue opportunities to massively change the space and use our unique position and strengths of XRP to speed up our business and to enhance our current solutions and technologies.”
Marc Asch, founder and CEO of Hidden Road, explained confidence within the expected growth of the corporate with the acquisition.
“With recent resources, licenses and extra risk capital, this business will enable significant growth in Hidden Road business, in order that we will increase the capability for our customer base, expand into recent products and take care of more markets and wealth classes,” said Asch.
Additional reporting from Ailsa Shernton.
