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.

Quotes that support claims

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.

Ripple is acquiring Hidden Road in a $1.25 billion deal to become the world’s largest non-bank prime broker and expand its stablecoin and XRP services.