Ripple Expands to Abu Dhabi with $1.25B Hidden Road Deal

Ripple Labs Inc, a leading fintech company, is set to expand its business operations into the Middle East. The company recently bought Hidden Road , a global prime brokerage firm for digital and traditional assets, for $1.25 billion. As part of this deal, Ripple will open a new Hidden Road office in Abu Dhabi, a city quickly becoming a major center for crypto and finance. New Opportunity in Abu Dhabi Hidden Road is a company that helps big investors trade both crypto and traditional assets. With Ripple’s support, it is opening a new office in Abu Dhabi. This is not just a new branch. It is a smart move into a region that welcomes new ideas and blockchain technology. Abu Dhabi is more than a place with easy rules or tax benefits. It is building a full financial system that supports innovation . Ripple’s decision to expand here shows that it sees real regional potential. In a recent statement, James Stickland, the CEO of Hidden Road UAE, said the company is getting ready to serve big clients. it will offer services like prime brokerage and clearing, essential for large financial trades. Ripple’s bigger goal is to make Hidden Road the world’s top non-bank prime broker, and opening this new office in Abu Dhabi is an integral part of that plan. Ripple Backs Hidden Road in Global Growth Move This move comes shortly after Ripple secured regulatory approval for Hidden Road to operate as a broker-dealer within the United States. In addition, the fintech firm is increasing its investment in Hidden Road to improve its service offerings across both the United Arab Emirates and the U.S. markets. Abu Dhabi’s financial regulators have already given Hidden Road the first round of approval. Once full approval is granted, the company can fully operate and work with big investors. Some sources hinted that a member of the Abu Dhabi royal family may join the board of the local office. This would show even more local trust and support for the project. Notably, this strategic expansion is part of a broader trend. Circle, the company behind USDC, recently launched a new cross-border payment platform and is expanding into the UAE. This shows that more crypto companies are looking to the region for long-term business growth and real opportunity, not just license approvals. Ripple Labs Is Building, Not Just Fighting This expansion shows that Ripple is currently in an ongoing legal debacle with a U.S. regulatory agency and is changing its focus. The company’s CEO, Brad Garlinghouse, said Ripple is now focusing on building firm crypto services, not legal battles. With Hidden Road and support from Abu Dhabi, Ripple is helping shape the future of global finance. The post Ripple Expands to Abu Dhabi with $1.25B Hidden Road Deal appeared first on TheCoinrise.com .

Source: The Coin Rise