Ripple’s $1.25 billion acquisition of Hidden Road is a significant step in the integration of the crypto sector with traditional finance.

By increasing institutional usage of RLUSD and XRPL, Ripple aims to increase the value of both XRP and its own ecosystem.

Who is Hidden Road?

Hidden Road is a rapidly growing prime broker founded in 2018. It provides services across multiple asset classes, including foreign exchange (FX), digital assets, derivatives, swaps, and fixed income securities.

The company has over 300 institutional clients and processes over $3 trillion in annual trading volume.

Acquisition Price and Structure: The acquisition is valued at $1.25 billion and is predominantly cash-based. In addition, a portion of #XRP and #Ripple shares were used as payment