Institutional Trading
Ripple completes $1.25 billion acquisition of Hidden Road
Ripple has finalized its $1.25 billion purchase of non-bank prime broker Hidden Road, rebranding it as Ripple Prime and marking the first time a crypto company owns a global prime broker. The deal enhances institutional services in digital assets and traditional finance. Ripple's stablecoin RLUSD is now used as collateral for these products.