Key Takeaways:
- Ripple-owned Hidden Road received FINRA broker-dealer registration, enhancing its regulatory-compliant prime brokerage and fixed-income services.
- Ripple’s $1.25B acquisition aims to scale its reach into traditional finance, with Hidden Road already handling $10B+ in daily transactions.
- The move follows regulatory wins for Ripple, including XRP’s classification as a digital commodity and new state-level licenses.
Ripple’s recent acquisition, Hidden Road, has been granted a broker-dealer license by FINRA, strengthening its position in prime brokerage services.
Announced on April 17, the approval allows Hidden Road to offer regulatory-compliant clearing and financing for fixed-income securities, expanding its institutional reach and boosting credibility in traditional financial markets.
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted…
— Brad Garlinghouse (@bgarlinghouse) April 8, 2025
Since its founding in 2018, Hidden Road has evolved from a forex-focused firm into a major digital asset player, now processing over $10 billion in daily transactions across 300+ institutional clients.
Ripple finalized the $1.25 billion acquisition of Hidden Road on April 8, aiming to bridge the gap between crypto and traditional finance.
Ripple CTO David Schwartz called it a “defining moment” for the XRP Ledger, enhancing its real-world financial settlement capabilities.
CEO Brad Garlinghouse added that Ripple’s support will help Hidden Road scale into the largest non-bank prime broker globally.
The deal follows Ripple’s regulatory successes, including money transmitter licenses in New York and Texas and a favorable SEC case resolution, where XRP was recognized by some as a digital commodity.
With Paul Atkins poised to take over as SEC Chair, Ripple stands to benefit from a more crypto-friendly regulatory environment, further accelerating its institutional growth.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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