- Ripple Labs has acquired prime brokerage firm Hidden Road for $1.25 billion in a strategic move to bridge traditional finance with blockchain technology.
- The deal will integrate Ripple’s XRP Ledger and RLUSD stablecoin into institutional trading, strengthening its position in regulated digital finance and institutional DeFi.
In a landmark deal shaking up the digital finance world, Ripple Labs has acquired prime brokerage firm Hidden Road for $1.25 billion — its first major acquisition since resolving its legal saga with the US SEC. This move marks a decisive step forward for Ripple as it aims to merge the speed and efficiency of blockchain with the trust and scale of traditional financial systems.
A Strategic Leap Toward Financial Integration
Ripple’s acquisition of Hidden Road isn’t just about numbers — it’s about strategy. Hidden Road, a major clearing firm trusted by over 300 financial institutions and processing nearly $3 trillion annually, provides Ripple with a powerful entry point into the heart of institutional finance.
Ripple CEO Brad Garlinghouse emphasized that this acquisition unlocks new opportunities to embed blockchain infrastructure deeper into mainstream markets. With Ripple already familiar with Hidden Road’s robust risk management and trade systems, the transition is expected to be smooth and impactful.
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted…
— Brad Garlinghouse (@bgarlinghouse) April 8, 2025
XRPL and RLUSD to Power Next-Gen Settlement
As part of the integration, Ripple plans to leverage its XRP Ledger (XRPL) to streamline the settlement of trades, significantly reducing wait times and transaction costs. This will modernize how trades are cleared — shifting from slow, traditional bank systems to faster blockchain-based processes.
Additionally, Ripple’s RLUSD stablecoin will now be used as collateral for trading, bridging both crypto and traditional assets. This innovation opens the door for Hidden Road’s institutional clients to adopt digital finance tools without sacrificing the compliance and reliability they’re used to.
Strengthening Ripple’s Institutional DeFi Ambitions
The acquisition also supports Ripple’s larger ambition to dominate the institutional decentralized finance (DeFi) space. Having secured over 60 regulatory licenses globally — including a key license from the Dubai Financial Services Authority — Ripple is poised to expand its regulated payment and tokenization services at scale.
Hidden Road’s founder and CEO, Marc Asch, praised the deal, saying it would enhance their service offerings and client reach while maintaining their trusted reputation. Under Ripple, the brokerage will be equipped to offer next-gen financial products across a broader market.
As regulatory approval for the deal is expected in the coming months, Ripple’s bold acquisition signals that it’s not just back in the game — it’s playing to win.