# Ripple is Buying Prime Broker Hidden Road for $1.25B

*Author: Bankless*
*Published: Apr 8, 2025*
*Source: https://www.bankless.com/read/ripple-is-buying-prime-broker-hidden-road-for-1-25b*

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Ripple has announced its $1.25 billion acquisition of Hidden Road, a prime brokerage serving institutional markets, to bolster its stablecoin and XRP Ledger initiatives.

## **What’s the Scoop?**
- **Landmark Acquisition**: Ripple to acquire multi-asset prime brokerage Hidden Road for $1.25 billion, marking one of the largest M&A deals in the digital asset space.
- **Institutional Expansion**: Ripple plans to integrate RLUSD stablecoin for efficient cross-margining and migrate Hidden Road’s operations onto the XRP Ledger.
- **Global Footprint**: Hidden Road boasts $3 trillion in annual clearing volume and a robust client base of over 300 institutions.
- **Regulatory Hurdles**: The deal awaits regulatory approvals but reinforces Ripple’s push for institutional adoption of digital assets.