John Deaton says Ripple’s Hidden Road deal exemplifies DeFi-TradFi convergence.
Chamath Palihapitiya notes crypto deals have tripled 2024 totals in just four months.
Ripple expands custody and tokenization offerings to capture institutional demand
Attorney John Deaton views Ripple’s $1.25 billion acquisition of Hidden Road as a key example of decentralized finance merging with traditional finance. His comments followed analyst Chamath Palihapitiya’s update showing that U.S. crypto mergers and listings have already hit $8.2 billion across 88 deals in early 2025, already tripling the total for all of 2024.
Palihapitiya identified five major deal trends. This includes mergers between traditional finance and crypto infrastructure companies, Bitcoin treasury acquisitions, and exchange consolidations. These shifts, he said, are laying the foundation for a more fully integrated crypto-financial ecosystem.
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Deaton pointed to Ripple’s move on Hidden Road as a textbook example of where the industry is heading. Hidd…
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