Ripple’s New Acquisition Hidden Road Wins Big Approval. Here’s the Significance

Crypto commentator King Solomon has shared significant news regarding Hidden Road’s recent developments. He announced that Hidden Road, a firm recently acquired by Ripple, has secured approval from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer. This approval enables Hidden Road to offer institutional clients a suite of compliant prime brokerage, clearing, and financing services in fixed-income assets. King Solomon’s tweet emphasized the potential implications for Ripple’s ecosystem, mentioning RLUSD and XRP. FINRA Approval Enhances Hidden Road’s Service Offerings The FINRA approval marks a significant milestone for Hidden Road, allowing the firm to expand its fixed income prime brokerage platform. This platform, which includes Fixed Income Repo and Global Funding services, is designed to provide institutional clients with comprehensive, technology-driven solutions. Noel Kimmel, President of Hidden Road, stated that becoming a FINRA member enables the firm to bring its fixed income services to a broader range of institutional clients, reflecting the company’s momentum and commitment to supporting clients in a dynamic market environment. Ripple’s $1.25 Billion Acquisition of Hidden Road On April 8, 2025, Ripple announced its definitive agreement to acquire Hidden Road for $1.25 billion . This acquisition is one of Ripple’s largest to date and positions the company as the only crypto firm operating a global multi-asset prime brokerage. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Hidden Road processes $3 trillion annually across financial markets and serves over 300 institutional clients. With Ripple’s backing, Hidden Road aims to expand its capacity to service its pipeline and become one of the largest non-bank prime brokers globally. The deal is expected to close in the coming months, subject to regulatory approvals. Integration of Ripple’s RLUSD Stablecoin The acquisition also enhances the utility of Ripple’s U.S. dollar-pegged stablecoin, RLUSD. Hidden Road plans to use RLUSD as collateral across its prime brokerage products, facilitating cross-margining between digital assets and traditional markets. This integration is part of Ripple’s strategy to compete with established stablecoin providers and to provide more efficient settlement processes through the XRP Ledger. King Solomon’s announcement underscores the strategic significance of Hidden Road’s FINRA approval and its acquisition by Ripple. These developments reflect Ripple’s commitment to expanding its services to institutional clients and integrating traditional financial systems with digital asset infrastructure. As the acquisition progresses, Ripple and Hidden Road are poised to play a pivotal role in the evolving landscape of institutional finance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple’s New Acquisition Hidden Road Wins Big Approval. Here’s the Significance appeared first on Times Tabloid .

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