Ripple, a blockchain-based platform for settlements and payments, has announced the completion of its already announced acquisition. In this respect, Ripple has officially accomplished the acquisition of Hidden Road, a rapidly growing non-bank prime brokerage. As per the official X announcement, it has rebranded the newly purchased entity as Ripple Prime to integrate with its cutting-edge blockchain infrastructure as well as institutional-level digital asset services. This endeavor promises to offer a seamless merger between the digital assets and conventional finance.
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
Ripple Broadens Institutional Brokerage Services by Acquiring Hidden Road
The completion of Hidden Road buyout is a key development in its ecosystem growth. Additionally, by rebranding it as Ripple Prime, the platform is integrating its advanced blockchain infrastructure along with institutional-grade services related to digital assets. Thus, with this initiative, Ripple reaffirms its status as a leading player when it comes to combining digital finance and the conventional market infrastructure.
Apart from that, Ripple Prime denotes a systematic convergence between the platform’s digital asset network and the worldwide financial proficiency of Hidden Road. This integration will improve institutional access to robust services like brokerage, clearing, as well as financing across digital assets, fixed income, swaps, derivatives, and FX. Utilizing the payment rails, $RLUSD stablecoin, and custody solutions of Ripple, the initiative focuses on the provision of operational efficiency, enhanced transparency, and reduced costs to benefit institutional participants.
Simultaneously, Ripple Prime also serves a key role in accelerating the adoption of Ripple’s $RLUSD stablecoin. In the same vein, a rising number of derivatives consumers are now choosing to hold $RLUSD balances. Additionally, it operates as a leading stablecoin when it comes to asset backing, governance, and stability.
Acquisition and Rebranding Redefines Digital Asset Management and Institutional Liquidity
According to Brad Garlinghouse, the CEO of Ripple, the strategic acquisition of Hidden Road and subsequent rebranding as Ripple Prime indicate the start of a new epoch in institutional-level crypto finance. Therefore, the overall initiative underlines the objective of the platform to strengthen its institutional services. Overall, Ripple is setting new benchmarks for digital asset innovation, liquidity management, and institutional adoption.