Ripple deploys $1.25bn to become first crypto company with global broker

Ripple completed its $1.25 billion acquisition of Hidden Road. The rebranded Ripple Prime has grown 3x since the deal was announced. RLUSD stablecoin is now used as collateral for prime brokerage products.

Oct 24, 2025 - 21:00
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Ripple deploys $1.25bn to become first crypto company with global broker
Ripple completed its $1.25 billion acquisition of Hidden Road. The rebranded Ripple Prime has grown 3x since the deal was announced. RLUSD stablecoin is now used as collateral for prime brokerage products.

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