Ripple Finalizes Acquisition of Hidden Road to Bring Prime Brokerage to Digital Economy

Core Insights - Ripple has successfully completed the acquisition of Hidden Road, rebranding it as Ripple Prime, positioning itself as a pioneer in the crypto industry by owning a multi-asset prime broker [2][3] - The acquisition is expected to enhance institutional adoption of digital assets, leveraging synergies between Ripple's existing infrastructure and Ripple Prime's services [3][4] - Ripple aims to improve the utility of its stablecoin, RLUSD, which is gaining traction among derivatives clients and is backed by regulatory compliance [5] Group 1 - Ripple's acquisition of Hidden Road provides a comprehensive suite of services including clearing, prime brokerage, and financing across various asset classes [1] - Ripple Prime's business has shown steady growth since the acquisition announcement, with forecasts indicating further expansion for both new and existing clients [3] - The integration of Ripple's digital asset infrastructure with Ripple Prime is expected to enhance operational efficiency and reduce costs through DLT/blockchain capabilities [4] Group 2 - Ripple has made several strategic acquisitions in recent years, including GTreasury, Standard Custody, and Metaco, all aimed at enhancing technology and operational controls [6] - The collaboration between Ripple and Hidden Road's leadership is focused on seamless integration throughout the year, indicating a strong commitment to the success of Ripple Prime [7]