Blockchain -based payment network RIPPLE has announced that it has acquired the major broker Hidden Road, one of the largest merger in the cryptocurrency industry.
RIPPLE officially announced the company on April 8.
This agreement will make Ripple the first encryption company to own and operate the world’s multi -asset prime broker. According to the company’s April 8 announcement, the acquisition is expected to be deployed as the world’s largest non -bank prime broker, and Hidden Road currently pays more than $ 3 trillion in more than 300 institutions.
The acquisition also aims to strengthen the location of RLUSD (RLUSD), a stable stablecoin centered on institutions that started in December 2024.
Ripple has been a hidden road customer for many years.
Ripple CEO Brad Garlinghouse said in the X post on April 8 that Ripple CEO was “a customer of Ripple Road and” knows a wide range of expertise. “
He also mentioned that the annual annual liquidation of the hidden roads will use Ripple -supported XRP (XRP), default open blockchain, and XRP director (XRPL).
source: Brad Galling House
GarlingHouse said, “Instead of waiting for up to 24 hours to solve the transaction through the Fiat Rails, it is used by using XRPL to summarize some of the transactions and the most consequently used RLUSD as a collateral through the main brokerage service.
relevant: You can get the first XRP -based ETF released on NYSE Arca.
The CEO said, “The price tag is not the most important, and this transaction shows a lifetime opportunity to access the largest and most reliable traditional market.
I am more interested in M & A than IPO
RIPPLE Chairman MONICA LON has solved the company’s hidden road acquisitions in the Paris Blockchain Week 2025 in 2025, providing insight into whether Ripple is planning an IPO in the near future.
Some sources previously suggested Ripple for Ripple after filing a lawsuit with the US Securities and Exchange Commission, but Long said that the company would be more interested in seeking M & A (M & A).
Ripple Chairman Ripple, chairman of MONICA LONG in Paris Block Chain on April 8 in Paris Block Chain. Source: COINTELEGRAPH
LONG added: “We are now the player of M & A.
“I think IPO is more reasonable for a company looking for more liquidity, and now it’s not our constraints on growth. We are focusing more on growing business as a private company.”
The important role of SEC leadership changes
GarlingHouse said that the action takes place in the central era in the US digital asset industry and makes a decisive contribution to the market by the US regulatory change.
“We are at an inflection point for the next stage of adopting digital assets. The US market is first effective because of the end of the regulatory protrusion of the previous SEC, and the market is mature to solve the demand of traditional finance.
“Through these tails, we continue to pursue the opportunity to greatly change the space, accelerate the business by utilizing the unique positions and strengths of XRP, and improve the current solution and technology.”
Marc ASCH, founder and CEO of Hidden Road, expressed confidence in the company’s expected growth with the acquisition.
“With the new resources, license and additional risk capital, ASCH can release significant growth in the business of Hidden Road, increasing the capacity of customer base, expanding to new products, and providing more market and asset classes.
Additional report of Ailsa Sherrington.
magazine: The XRP victory is the residue result industry without a set of encryption law law