Ripple Acquires Prime Broker Hidden Road For $1.25 Billion [Yahoo! Finance]
GameStop Corporation (GME)
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Source: Yahoo! Finance
Ripple, the blockchain firm behind XRP (CRYPTO: XRP ), has signed an agreement to acquire prime brokerage firm Hidden Road in a deal valued at $1.25 billion. The acquisition represents Ripple's most significant move yet to expand its offerings for institutional clients, according to CEO Brad Garlinghouse What Happened: Speaking to Fortune, Garlinghouse emphasized the importance of building a stronger foundation to support demand from major financial institutions. "To serve the biggest global players, Ripple must offer infrastructure that meets institutional standards," he noted. Don't Miss: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum. The transaction includes a mix of cash, XRP tokens and equity, and is expected to close in the coming months, pending regulatory sign-off. Hidden Road's founder, Marc Asch , will continue to lead the firm under R
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GME
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- 9/9/25 - Beat
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