Ripple has officially announced the acquisition of Hidden Road for 1.25 billion USD, making it the first crypto company to own a global multi-asset prime broker. This strategic move positions Ripple to bridge the gap between digital assets and traditional finance.
The merger will enable Hidden Road to utilize Ripple USD as collateral and migrate its post-trade activities to the XRP Ledger, enhancing integration between digital and traditional financial systems. This transition is expected to promote broader adoption of crypto assets in the evolving U.S. Market.
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