Ripple cuts $1.25bn deal to acquire broker Hidden Road

8th April, 2025

Luke Jeffs
New York

Digital assets firm Ripple has cut a deal to acquire prime broker Hidden Road for $1.25bn (£1bn), a takeover the partners say will encourage the institutional adoption of crypto and allow Hidden Road to become “one of the largest non-bank primes”.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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