Ripple Completes $1.25B Acquisition of Hidden Road

[johnblockbuster]

Ripple has officially closed its $1.25 billion acquisition of prime broker Hidden Road, rebranding it as Ripple Prime in one of its largest deals to date.
With the move, Ripple becomes the first crypto firm to operate a multi-asset prime broker, covering clearing, financing, and brokerage across digital assets, FX, derivatives, swaps, and fixed income.
Ripple says Ripple Prime’s activity has already tripled since the acquisition was announced in April, with further growth from institutional clients expected.