Ripple to acquire Prime Broker Hidden Road in a $ 1.25 billion agreement

Ripple has announced plans to acquire the Prime Hidden Road brokerage firm in an agreement of $ 1.25 billion. This is one of the biggest purchases in the history of Ripple and marks an important step to expand its role in both cryptography financial and traditional markets.

This agreement is the second acquisition of one billion dollars that involves a cryptographic company this year, which shows how digital assets such as Bitcoin are gaining impulse in the CEO of the United States. UU. Brad Garlinghouse, said that the regulatory environment in the country has improved, which makes it easier for cryptographic companies to grow. He pointed out that the market is now more mature and ready to meet the demands of traditional finances.

Hidden Road is a main brokerage firm that offers services such as commercial compensation, securities loans and access to the leverage of large clients such as coverage funds and institutional investors. The company processes about $ 3 billion in transactions every year and has more than 300 institutional clients worldwide.

With Ripple’s financial support, Hidden Road is expected to grow quickly and will become the largest main non -banking corridor worldwide. Once the agreement is completed, Ripple will become the only cryptographic company to possess and operate a world broker of multiple first assets.

This movement also gives Stablecoin de Ripple, Rlusd, a more important role. Hidden Road already accepts Rlusd as a guarantee in his services, and Ripple believes that this acquisition will increase the use of the real world of currency. Rlusd launched last year as a stablecoin linked to the US dollar, with the aim of competing with other important stablcoins such as Tether and Usd Coin.

The agreement is expected to close in the coming months and reflects Ripple’s continuous effort to strengthen its position both in cryptographic worlds and in traditional finances.

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