Ripple said it will inject fresh capital into Hidden Road to expand its clearing, prime brokerage, and financing operations, aiming to make the firm the largest non-bank prime broker globally.
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Ripple to Acquire Prime Broker Hidden Road for $1.25B, Expanding Institutional Push
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Ripple’s $1.25 billion acquisition of Hidden Road is aimed at transforming Ripple into the world’s largest non-bank prime broker while accelerating its stablecoin and institutional service offerings.
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