Ripple announced a $1.25 billion acquisition of Hidden Road, marking one of the crypto industry's largest M&A deals.

Description

The deal, officially announced by Ripple on April 8, 2025, positions the company as the first crypto firm to operate a global, multi-asset prime broker.

Event date

Apr 8, 2025 - 12:00am

Quotes that support claims

Ripple has agreed to acquire multi-asset prime brokerage firm Hidden Road for $1.25 billion, marking one of the largest M&A deals in the digital asset industry to date.

Ripple is acquiring Hidden Road in a $1.25 billion deal, the company officially announced on April 8.

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Week 15 of 2025