A historical acquisition. Ripple has just announced the acquisition of the company Hidden Road for $ 1.25 billion. This credit broker is an important player in traditional finance and this acquisition is a first in the sector. The CEO of Ripple, Brad Garlinghouse, said that this takeover was one more step towards the adoption of cryptocurrencies by financial institutions And he welcomes the opening of the American market thanks to the new regulation of the Trump administration. Back on an operation that may well change the situation in the economic landscape.
The key points of this article:
Ripple achieved a historic acquisition by acquiring the company Hidden Road for $ 1.25 billion, marking a first in the cryptocurrency sector. This acquisition allows Ripple to become the first Crypto company to have a main world and multi-active broker, opening extraordinary perspectives for traditional finance.
Ripple offers Hidden Road for $ 1.25 billion
The news therefore fell yesterday: Ripple redeem Hidden Road pour $ 1.25 billion. This company, specializing in credit brokerage, deals each year $ 3,000 billion in the financial markets and has more than 300 institutional customers. With this acquisition, Ripple thus becomes the first Crypto company to have a main world and multi-active broker. According to the press release, Hidden Road will be able to » exponentially extend its ability Thanks to the financial support of Ripple. The objective? Become one of the largest non -banking main brokers in the world. For Ripple, this acquisition is also a means of strengthening its stablecoin backed by the dollar, the Rlusdused as a guarantee by Hidden Road.
Always very active on social networks, the Ripple boss announced the news to his subscribers – Source: account x
Ripple wants to strengthen its stablecoin rlusd and its XRPL network
Brad Garlinghousethe CEO of Ripple, sees great. He talks about a «Information point for the next adoption phase of digital assets». According to him, the American market is » actually open for the first time Thanks to the Pro-Crypto regulatory movements of the Trump administration.
«With these favorable winds, we continue to pursue opportunities to massively transform space, by taking advantage of our position and the forces of XRP to accelerate our activity and improve our current solutions and technologies».
Brad Garlinghouse
Ripple also provides for Strengthen its XRPL network By migrating Hidden Road's post-Trade activity to this product. The Ripple Payments service will also be improved. For Marc enrollfounder and CEO of Hidden Road, this agreement will » unlock significant growth By increasing the company's capacity, extending its products and serving more markets and asset classes. This acquisition marks an important step for Ripple and for the entire crypto industry. By offering himself Hidden Road, Ripple positions himself as an important actor in traditional finance and continues to push for an institutional adoption of cryptocurrencies. While the American market opens gradually, Ripple seems determined to take advantage of this new deal to accelerate its development. For its part, the XRP continues to be talked about and It may well be the next ETF approved by the dry.