$XRP  It has become real - the hidden Hidden Road deal for Ripple changes everything
Ripple has completed its acquisition of Hidden Road, one of the fastest-growing non-bank financial intermediaries in the world. Hidden Road has now been rebranded to Ripple Prime, offering institutions advanced services in FX, digital assets, derivatives, swaps, and fixed income.
Ripple has become the first crypto company to own and operate a global multi-asset broker. Since the initial announcement, Ripple Prime's business has already grown 3×, with more expansion expected.
Ripple's infrastructure – payments, custody, and its stablecoin RLUSD – will be supported by XRP, Ripple Prime. RLUSD is already being used as collateral for key brokerage products, and some derivatives clients are now holding balances in it. RLUSD is backed by BNY Mellon as a reserve custodian and recently received an 'A' rating from Bluechip as the best stablecoin in terms of stability, governance, and asset support.
This acquisition confirms Ripple's push towards institutional finance - not just payments. Ripple now controls the rails on which global liquidity moves, giving XRP and RLUSD true positions in the next stage of institutional adoption.
Source: Ripple's official website
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