Ripple Seals Hidden Road Acquisition in Push To Bring Prime Brokerage Into Digital Era

Bitget App

Trade smarter

Bitget

News

Markets

Ripple Seals Hidden Road Acquisition in Push To Bring Prime Brokerage Into Digital Era

Daily Hodl2025/10/26 16:00

By:by Daily Hodl Staff

Ripple says it has officially acquired the non-bank prime broker Hidden Road, transforming it into Ripple Prime.

The move positions Ripple as the first cryptocurrency firm to operate a global, multi-asset prime brokerage.

The platform is designed to give institutions access to seamless clearing, financing and trading in FX, digital assets, derivatives, swaps, and fixed income, all under one roof.

Since Ripple’s initial announcement earlier this year, the firm says Ripple Prime’s business has tripled.

Ripple says it plans to make its stablecoin RLUSD a key beneficiary, using it as collateral for prime products, with BNY Mellon poised to become the asset’s primary reserve custodian.

The acquisition marks Ripple’s fifth major buy in two years, including GTreasury for treasury management last week, Rail’s $200 million stablecoin payments platform in August 2025, Standard Custody in June 2024 and Metaco in May 2023.

Featured Image: Shutterstock/Ociacia/Tun_Thanakorn

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- MoonBull ($MOBU) presale reaches Stage 5 with $450,000 raised and 1,500+ holders, driven by 27.40% stage price increases and 163.36% early investor gains. - Project employs Mobunomics framework with liquidity locks, deflationary burns, and governance voting to stabilize value and reward community participation. - Crypto markets remain volatile: Bitcoin hovers near $111,300 while Ethereum drops 6.5% amid ETF outflows and U.S.-China tensions amplifying risk-off sentiment. - Fed's cautious rate-cut stance a

Bitget-RWA•2025/10/27 23:38