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ARTICLE · 16 APRIL 2025

Weekly Blockchain Blog – April 14, 2025

BakerHostetler
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A recent press release announced that Ripple, a U.S. fintech and digital asset infrastructure provider, has agreed to acquire Hidden Road, a prime brokerage...

United StatesTechnology
Robert A. Musiala Jr.
Robert A. Musiala Jr.
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Digital Asset Companies Announce New Partnerships, Acquisitions, Products

By Robert A. Musiala Jr.

A recent press release announced that Ripple, a U.S. fintech and digital asset infrastructure provider, has agreed to acquire Hidden Road, a prime brokerage, clearing and financing platform, for $1.25 billion. According to the press release, "With the acquisition, Ripple becomes the first crypto company to own and operate a global, multi-asset prime broker." The press release further noted that the acquisition "reinforces Ripple USD's (RLUSD) position as an enterprise-grade USD-backed stablecoin with real utility as Hidden Road leverages it as collateral across its prime brokerage products."

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