Ripple Acquires Hidden Road, Launches Ripple Prime
Ripple finalizes its $1.25 billion acquisition of Hidden Road, rebranding it as Ripple Prime, a pioneering step in global, multi-asset prime brokerage, confirmed via Ripple’s official Twitter.
This acquisition positions Ripple uniquely in the financial sector, enhancing institutional access to digital assets, and indicates a growing synergy between traditional finance and cryptocurrencies.
Ripple Acquires Hidden Road, Launches Ripple Prime
Ripple has successfully completed its acquisition of Hidden Road for $1.25 billion. The acquisition has led to the formation of Ripple Prime, a step intended to scale digital assets to institutional customers.
“Introducing Ripple Prime: We’re pleased to share that our acquisition of Hidden Road is officially complete, making Ripple the first crypto company to own and operate a global, multi-asset prime broker – bringing the promise of digital assets to institutional customers at scale.” —Ripple (@Ripple) October 24, 2025: source
The key players involved include Ripple CEO Brad Garlinghouse and Hidden Road’s team. The bold acquisition positions Ripple as the first crypto firm to manage a global, multi-asset prime broker.
The acquisition is expected to significantly affect the digital asset sector, with more than 300 institutional clients now using Ripple Prime’s services. Activity levels have reportedly tripled since this announcement.
Ripple’s acquisition permits institutional access to diverse digital assets like BTC, ETH, and XRP, enhancing market liquidity through integrated prime brokerage services.
Ripple Prime services enhance institutional exposure to OTC options and liquidity. This acquisition marks no previous historical precedent, demonstrating a potential shift in institutional market dynamics.
The migration of Hidden Road operations to the XRP Ledger aims to boost institutional DeFi solutions. Regulatory responses from authorities like the SEC and named financial bodies are pending around this acquisition.
