Ripple Announces $1.25 Billion Acquisition Of Prime Broker Hidden Road At Paris Blockchain Week

“I am really excited to share a deal we have been working on for some time. Ripple is acquiring Hidden Road, which is a prime broker. One of the largest and dominating prime brokers.” introduced Monica Lengthy, President of Ripple, on 8 April 2025 on the Paris Blockchain Week.

That is Ripple’s largest acquisition, at $1.25 billion. Hidden Road, a worldwide, multi-asset prime dealer, is likely one of the fastest-growing prime brokers. The corporate provides establishments clearing, prime brokerage, and financing throughout overseas alternate (FX), digital property, derivatives, swaps, and stuck revenue.

Commenting on the acquisition, Ripple CEO Brad Garlinghouse stated,“We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance. With these tailwinds, we are continuing to pursue opportunities to massively transform the space, leveraging our position and the strengths of XRP to accelerate our business and enhance our current solutions and technology.”

Right now, Ripple introduced it’s buying Hidden Road for $1.25B– changing into the primary crypto firm to personal and function a worldwide, multi-asset prime dealer. Collectively, Ripple and Hidden Road are bringing the promise of digital property to institutional clients at scale, bridging…

— Ripple (@Ripple) April 8, 2025

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“RLUSD Is Off To A Strong Start,” Says Ripple President

“Ripple US dollar stablecoin, which we just launched at the end of last year in December, has now exceeded 300 million in market cap. It has done $10 billion in trading. So we’re off to a strong start,” stated Lengthy.

“Now, the reason we launched the Ripple stablecoin was because we do tens of billions of dollars in payment flows through digital assets already,” she stated. “We’re already using stablecoins in those flows. And so we have a a killer use case within our core business of payments for the stablecoin.”

Therefore, in accordance with Lengthy, the partnership with Hidden Road will then lengthen it (RLUSD) into extra of the capital markets world.

“The CEO and founder of Hidden Road, Marc Asch, is a visionary,” stated Lengthy on the Blockchain occasion held in Paris. “So the idea here is that Hidden Road through its prime broker business is able to supercharge a lot of who we do.”

In the meantime Asch stated, “With new resources, licenses, and added risk capital, this deal will unlock significant growth in Hidden Road’s business, allowing us to increase capacity to our customer base, expand into new products, and service more markets and asset classes.”

“Now that we’re gonna be one joint family we will be able to kind of click the services together,” added Lengthy. Nonetheless, she reaffirmed Ripple’s pleasure about its partnerships with a few of the high exchanges like Kraken and Bitstamp to get distribution in addition to retail distribution of RLUSD.

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Two Ts Dominating Markets Proper Now – Trump And Tariffs

“This is this is the the topic of the moment,” admitted Lengthy. “I think macroeconomic picture, we like all of you, are watching and waiting. We’re waiting to see how this plays out,” stated Lengthy speaking concerning the affect of Donald Trump’s current tariffs on the general public markets and crypto markets.

Nonetheless, Lengthy stated that by way of how issues are going within the US for the crypto business, there’s extra friendliness from this administration than ever seen earlier than.

“The the new guard at the SEC has certainly turned a page on not regulating through enforcement actions, but rather dropping those and and creating a clear path for us to move forward,” stated Lengthy. “The House and Senate both have stablecoin bills that are progressing quite a bit.”

Key Takeaways

Ripple President says there’s much more openness within the US than previously.

“The presidency as well as both houses in Congress are leaning more pro crypto and embracing the innovation behind it than they ever have before,” stated Ripple President Monica Lengthy.

“The stablecoin bills that we’re seeing put forward are there to protect consumers. One-to-one backing, auditing reserves – things like that that are really important,” stated Lengthy.