Kimmel said the transaction will expand Hidden Road’s capital base using Ripple’s larger balance sheet. “We were limited by our size prior to the deal,” he said
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Hidden Road Wins Broker-Dealer License After Ripple Acquisition
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Hidden Road was acquired by Ripple in April 8, 2025 for $1.25 billion, which was the largest acquisition in Ripple’s history which will significantly expand Hidden Road’s capital base and capacity to become the largest non-bank prime broker globally
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