Ripple formally accomplished its Hidden Highway acquisition, turning into the primary crypto agency to personal a worldwide multi-asset prime dealer.
The $1.25 billion deal will embed Ripple’s know-how and merchandise into institutional operations, additional strengthening its presence in conventional finance.
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Hidden Highway Rebrands Beneath Ripple Prime
Ripple introduced immediately the completion of its acquisition of one of many world’s fastest-growing non-bank prime brokers. As a part of this transfer, Hidden Highway will now function underneath the title Ripple Prime.
The information confirms Ripple’s takeover of a worldwide, multi-asset prime brokerage, solidifying plans the corporate first set in movement in April. The brand new entity will provide institutional shoppers providers similar to clearing, financing, and entry to markets spanning international trade, derivatives, fastened earnings, and digital belongings.
Ripple Prime’s shoppers will now achieve entry to Ripple’s digital asset ecosystem, together with the XRP Ledger (XRPL) and the RLUSD stablecoin.
Each are being built-in into the corporate’s prime brokerage providers. Ripple says RLUSD is already used as collateral for derivatives merchandise, with adoption anticipated to extend.
“The synergies between the 2 companies made this acquisition a logical subsequent step to assist institutional adoption of digital belongings. Ripple’s foundational digital asset infrastructure throughout funds, crypto custody and stablecoin, in addition to using XRP, will complement the providers supplied inside Ripple Prime,” learn the official press launch.
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The transfer is the most recent in a collection of acquisitions Ripple has made lately.
Ripple Continues Acquisition Streak
Final week, Ripple spent $1 billion to buy GTreasury, a company treasury administration agency. The transfer reinforces the corporate’s ambition to deepen its integration into the US banking and monetary system.
It additionally marked Ripple’s third main acquisition this 12 months, every aimed toward increasing the corporate’s entry to conventional finance (TradFi) infrastructure.
In August, Ripple additionally agreed to amass Rail for $200 million. The Toronto-based funds platform focuses on stablecoin infrastructure and cross-border transaction know-how.
The deal continues to be pending regulatory approval and is predicted to shut within the fourth quarter of 2025. As soon as finalized, it is going to merge Rail’s know-how infrastructure with Ripple’s current funds and stablecoin ecosystem.
Ripple has additionally taken separate measures to combine right into a broader institutional growth technique. Final week, the agency reportedly introduced plans for a $1 billion fundraising spherical to construct a digital asset treasury (DAT) of its native XRP token.
The DAT plan, if confirmed, would give Ripple larger management over XRP liquidity and treasury sources, which might assist future institutional operations, together with Ripple Prime.