Ripple is stepping up its presence in traditional finance with the acquisition of Hidden Road, a prime brokerage platform serving institutional clients.
Valued at $1.25 billion, the deal puts Ripple in a unique position as the first crypto-native company to control a global, multi-asset prime broker.
This move isn’t just about expanding Ripple’s footprint—it’s about turning XRP and RLUSD into key tools for financial heavyweights. Hidden Road’s vast trading network, reportedly processing around $10 billion daily, will soon rely on Ripple’s tech for settlement. That includes using the XRP Ledger for speed and RLUSD as collateral.
What’s noteworthy is the scale. Even a fraction of Hidden Road’s trading volume migrating to Ripple’s infrastructure could trigger a sharp rise in demand for XRP. And with RLUSD enabling cross-margining between crypto and traditional assets, institutions may be incentivized to adopt both tokens for efficiency and cost reduction.
Analyst Jake Claver sees this as more than just a business expansion—it’s a structural change that could redefine XRP’s role in finance. With trillions in potential annual flows now tied to Ripple’s ecosystem, the acquisition lays the groundwork for long-term integration at the highest levels.
Despite the big-picture implications, XRP recently fell to $1.83, shedding 8% in 24 hours and down 14% for the week. Markets may be slow to price in what could be one of Ripple’s most transformative plays yet.
Nvidia’s recent market retreat hasn’t shaken analysts’ confidence in the stock’s long-term potential. Despite a dip to $135.13 at the close of the last session, chart watchers say a powerful setup could send NVDA soaring toward the $200 mark in the coming months.
The team behind Pi Network is diving into the gaming industry with the release of FruityPi, a new application designed to highlight the practical use of its ecosystem tools, including the Pi cryptocurrency, wallet, and ad services.
Two asset managers are preparing to introduce a new class of cryptocurrency investment products that combine traditional exchange-traded fund (ETF) structures with staking income from Ethereum and Solana holdings.
The FTX Recovery Trust has initiated a new $5 billion round of reimbursements, starting May 30, for creditors who completed the necessary steps.