$XRP

$XRP Acquisition of Hidden Road: Expansion into Traditional Finance

In April 2025, Ripple announced the acquisition of Hidden Road, a prime brokerage firm, for $1.25 billion. This operation aims to integrate Hidden Road's post-trade operations into the XRP Ledger, strengthening Ripple's position in institutional decentralized finance. Additionally the acquisition supports the use of the stablecoin RLUSD for cross-margin trading between digital and traditional assets.