🚀 Ripple makes waves in the crypto world with its $1.25 billion acquisition of Hidden Road, a leading multi-asset prime brokerage firm. This major deal signals a shift towards institutional adoption of digital assets.
- Hidden Road clears over $3 trillion annually, serving 300+ institutional clients across various markets.
- Ripple aims to expand Hidden Road's operations, positioning it as the largest non-bank prime broker globally.
- The acquisition boosts Ripple's stablecoin ambitions, with RLUSD set to enhance cross-margining between traditional and digital assets.
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