Ripple announced that it will acquire Road for $1.25 billion, the largest transaction in the digital asset industry, and that the acquisition will position Ripple as a global multi-asset provider.
It will be the first cryptocurrency company to own and operate Lime Broker. Hidden Road is a multi-asset company that offers trading across a range of assets including foreign exchange (FX), digital assets, derivatives, swaps and bonds.
It is a one-stop platform for institutions offering clearing, prime brokerage and financial services across the globe, and is the fastest growing prime broker in the world.
For the cryptocurrency industry to take the next step, it needs significant infrastructure for institutional adoption, and prime brokers are looking to traditional finance to do just that.
Through this acquisition, Ripple and Hiddenroad will play a key role in providing trusted and professional trading services to the digital asset sector.
Hidden Road plans to fully realize the value of digital assets for institutional investors. Hidden Road clears more than $3 trillion in transactions annually and has more than 300 major institutional investors.
With Ripple's strong financial foundation, Hidden Road is expected to significantly expand its client service capabilities and become one of the largest non-bank prime brokers.
CEO Brad Garlinghouse said, "We are at a turning point where digital asset adoption is entering its next phase," and that "the former SEC body
"With the regulatory uncertainty under the SEC now resolved, the U.S. market is effectively opening up for the first time, and the market is mature enough to serve the needs of traditional finance," he said.
Ripple is a leader in blockchain technology, and we continue to look for opportunities to fundamentally change the industry. We will leverage Ripple’s position and the strength of XRP to accelerate our business and improve our existing solutions and technology.
"With this acquisition, Ripple USD (RLUSD) will become an enterprise-grade, US Dollar (USD)-backed cryptocurrency with real utility," he said.
This will further strengthen its status as a stablecoin. Hidden Road plans to use RLUSD as collateral for its prime brokerage product, which will
RLUSD is expected to be the first stablecoin to support efficient cross-margining between digital assets and traditional financial markets.
Hidden Load is committed to moving post-trade activities to the XRP Ledger (XRPL), improving operational efficiencies and reducing costs for XRPL, thereby enabling it to operate more efficiently and more efficiently.
We hope to demonstrate its potential as a DeFi blockchain for institutional investors.
Ripple, an international payments solution from Payments
Optimize Payments’ cost and liquidity structure to serve Hidden Road customers who require bank-level digital asset custody.
"This acquisition provides us with new resources, licenses and risk capital to help us provide core custody services," Hidden Road founder and CEO Marc Asch said in a statement.
"This acquisition is expected to accelerate Hidden Road's business growth," he said. "It will strengthen our customer-facing capabilities, enable us to launch new products and expand into more markets and asset classes."
"Together with Ripple, we plan to deliver the reliability and stability that institutional clients expect in traditional financial markets in a way that is designed and optimized for the digital environment," he added.
Ripple enables financial institutions to tokenize, store, and trade digital assets based on a simple, safe, secure, compliant, and reliable digital asset infrastructure.
Ripple is perfectly positioned to provide the core services needed to move digital assets. With over a decade of experience in the digital asset space, Ripple has the expertise and experience to
) holds over 60 licenses and registrations. Meanwhile, Ripple participated in Hidden Road's Series B investment and acquired Hidden Road
As a customer of Hidden Road's platform, the expertise, technical capabilities, risk management and operational management capabilities of the Hidden Road team
The acquisition is expected to close in the next few months, subject to regulatory approvals.
2025/04/09 10:47 KST
Copyright(C) BlockchainToday wowkorea.jp 117