Ripple Buys Hidden Road for $1.25B in Bold Crypto Move

Tue Apr 08 2025
Ripple drops $1.25B to buy prime broker Hidden Road, leveling up from payments to full crypto infrastructure. Here’s why this changes the institutional game

💼 Ripple Drops $1.25B on Hidden Road: Power Move or Flex?

📈 Ripple just made one of the biggest crypto acquisitions ever — here's why it matters

Ripple — yeah, the XRP people — is dropping a massive $1.25 billion to buy Hidden Road, a low-key but powerful prime brokerage that moves trillions (with a T) in crypto trades. It’s not just a bag drop — it’s a whole shift in Ripple’s game plan.

Let’s break it down 👇


🕵️‍♂️ What is Hidden Road, and why is Ripple buying it?

Hidden Road might not be a household name, but it’s a big deal in big money circles. Think of it as the backstage pass for hedge funds, investment firms, and banks to access crypto markets.

  • Founded in 2018, based in London
  • Offers prime brokerage: trading, custody, clearing, and deep liquidity access
  • Processed over $3 trillion in transactions in 2024 alone

Basically: if institutions wanna play in crypto, they go through folks like Hidden Road.


🎯 Ripple’s master plan: from payments to full crypto infrastructure

This isn’t just about buying a service — Ripple is building an empire.

CEO Brad Garlinghouse isn’t playing small. He’s going after bulge-bracket giants — think BlackRock, Citadel, Fidelity. To do that, Ripple needs more than just fast payments — it needs:

  • A full-stack institutional toolkit
  • Prime brokerage infrastructure
  • Seamless stablecoin support

Ripple’s new formula looks like this:
Payments + RLUSD (stablecoin) + Hidden Road = Institutional-grade crypto rails


🛠 What changes for Ripple clients?

With Hidden Road onboard, Ripple’s offering levels up — big time:

  • Access to global liquidity (exchanges + OTC)
  • Clearing, lending, custody, and trading services
  • Integration with Ripple’s stablecoin RLUSD
  • XRP Ledger to boost settlement speed + cut costs

Fun fact: part of the deal was paid in XRP. That’s not just clever PR — it's a push to make XRP actually useful in high-stakes finance.


🕰 Why now?

Timing is everything — and Ripple knows it.

  • U.S. regulators are slowly backing off the crypto hate
  • Big institutions (Fidelity, GameStop, BNY Mellon) are dipping toes back in
  • Even political figures like Trump are warming up to Web3

Ripple’s move positions it as the infrastructure layer for the next wave of institutional crypto adoption.


TL;DR:

  • Ripple is buying Hidden Road for $1.25B — a huge play in crypto’s prime brokerage game
  • The goal: move beyond payments and dominate institutional crypto infrastructure
  • Hidden Road brings deep liquidity, custody, trading — all the backend stuff Wall Street loves
  • Ripple’s stablecoin RLUSD + XRP Ledger = efficient, fast, and scalable for big money
  • Part of the deal was paid in XRP — signaling real utility
  • It all happens as U.S. regulations ease and TradFi warms back up to crypto

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