$XRP 🔥🔥 last minute 🔥🔥🔥Ripple acquisition targets Hidden Road to open new Abu Dhabi office and could involve royals
According to CoinDesk, cryptocurrency and traditional asset broker Hidden Road plans to establish an office in Abu Dhabi, and the company recently agreed to be acquired by Ripple for $1.25 billion.
According to informed sources, the office will be led by partner James Stickland. Hidden Road has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) for the Abu Dhabi Global Market, and upon final approval, it will be able to provide clearing and prime brokerage services to institutional investors in the UAE.
The sources indicate that after receiving final regulatory approval, members of the Abu Dhabi royal family could join the board of its local entity. Last month, the company also received approval from the Financial Industry Regulatory Authority (FINRA) in the United States to become a licensed broker-dealer, aiming to expand its fixed-income prime brokerage platform. Ripple plans to inject capital to fuel the expansion of its global non-bank prime brokerage business.
Ripple (XRP) Acquires Hidden Road: A Historic $1.25 Billion Acquisition
Ripple (XRP) announced the acquisition of Hidden Road, a multi-asset prime broker, on April 8, 2025, for $1.25 billion. This major acquisition is part of a global expansion strategy that makes Ripple the first crypto company to own a global prime broker. Ripple's plan is to strengthen its presence in the world of DeFi.
Ripple (XRP) announced the acquisition of Hidden Road, a multi-asset prime broker, on April 8, 2025, for $1.25 billion. This major acquisition is part of a global expansion strategy that makes Ripple the first crypto company to own a global prime broker. Ripple's plan is to strengthen its presence in the world of DeFi.
🌹Follow us for more crypto news
📢 Buy & Trade Here 👇
#TradeOfTheWeek #CryptoComeback #BTCBackto100K #BTCtrade #TradeStories