Ripple acquires Hidden Road
08 April 2025 US
Image: Moopingz/stock.adobe.com
Ripple, a digital asset infrastructure provider, has acquired Hidden Road, a multi-asset prime broker, for US$1.25 billion.
Besides prime brokerage, Hidden Road offers clearing and financing services across FX, digital assets, derivatives, swaps, and fixed income.
The firm will migrate its post-trade activity across the XRP ledger to facilitate operations and lower costs.
Marc Asch, founder and CEO of Hidden Road, says: 鈥淲ith new resources, licenses, and added risk capital, this deal will unlock significant growth in Hidden Road鈥檚 business, allowing us to increase capacity to our customer base, expand into new products, and service more markets and asset classes.鈥�
Ripple also sees the potential to optimise costs and liquidity in its cross-border payments solution, Ripple Payments, and provide custody services to Hidden Road鈥檚 customers who need bank-grade digital asset custody.
Brad Garlinghouse, CEO of Ripple, comments: 鈥淲e are at an inflection point for the next phase of digital asset adoption 鈥� the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance.鈥�
Besides prime brokerage, Hidden Road offers clearing and financing services across FX, digital assets, derivatives, swaps, and fixed income.
The firm will migrate its post-trade activity across the XRP ledger to facilitate operations and lower costs.
Marc Asch, founder and CEO of Hidden Road, says: 鈥淲ith new resources, licenses, and added risk capital, this deal will unlock significant growth in Hidden Road鈥檚 business, allowing us to increase capacity to our customer base, expand into new products, and service more markets and asset classes.鈥�
Ripple also sees the potential to optimise costs and liquidity in its cross-border payments solution, Ripple Payments, and provide custody services to Hidden Road鈥檚 customers who need bank-grade digital asset custody.
Brad Garlinghouse, CEO of Ripple, comments: 鈥淲e are at an inflection point for the next phase of digital asset adoption 鈥� the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance.鈥�
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