Ripple Completes Acquisition of Hidden Road, Enters Prime Brokerage Business

Ripple announced on the 24th that it has completed the acquisition of prime brokerage firm Hidden Road. The post-acquisition company name will be 'Ripple Prime,' making Ripple the first cryptocurrency company to own and operate a global multi-asset prime brokerage. According to the announcement, Hidden Road is one of the fastest-growing non-bank prime brokers in the world, offering comprehensive services including clearing, prime brokerage, and financing in areas such as foreign exchange, digital assets, derivatives, swaps, and bonds to institutional investors...