Ripple acquires Cripto-friendly Prime Broker Hidden Road for $ 1.25 billion

Blockenchain-based pays Brezarska Ribala announced that the Cripto-friendly firms broker hidden path in one of the biggest mergers in the Kruptocurrency industry until today.

Ripple is a hidden road at a $ 1.25 billion agreement, an official company announced 8. April.

The agreement will make Ripple the first crypto company to own and manage a global, multi-address prime minister. According to the company 8. April, the acquisition is expected to be positioned as the world’s largest non-banking mediator, and the hidden path currently pursues more than $ 3 trillion in more than 300 institutions.

Acquisition also aims to strengthen the position of Ripple USD (RLUSD), an Stablecoin focused institutions that launched Ripple In December 2024. years.

Ripple was a hidden customer of the road for years

Ripple has been a customer hidden road for years and “knows their first-hand expertise width,” Ripple said the entire Brad Garlinghouse in KS post. April.

He also mentioned that the hidden road of three trillion dollars in an annual tap cling in the XRP supports Ripple (XRP) And its basic decentralized, public block, KSRP Ledger (KSRPL).

“Instead of waiting for up to 24 hours to trade through Fiat rails, the hidden path will use XRPL to clean the part of the store and the slightest, using RLUSD,” Garlinghouse wrote on X.

“The pricing mark is not what is most important – this job is marked the opportunity for the CRIPTO to access the largest and most trusted traditional markets and vice versa,” the CEO was added.

The key role of SEC

Garlinghouse said the move came to the digital property industry in the American digital property and makes a crucial contribution to the market in the middle of regulatory shift in the United States.

“We are at the flexible point for the next phase of digital assets – the American market for the first time due to the regulatory transfer of the first sex, and the market was matured to be resolved to the needs of traditional finances,” Garlinghouse said: “

“With these drops, we continue to advance the opportunity to transform space massively, use our unique position and strength of XRP to speed up our business and improve our current solutions and technology.”

The hidden founder and director Marc Asch expressed confidence in the expected growth of the company with procurement.

“With new resources, licenses and additional risks of risk, we will unlock the capacity to our customer base, expand into new products and service multiple markets and classes,” stated more classes asches.

This is a development story and additional information will be added as it becomes available.

Journal: XRP conquers rip and industry without crypto legal cross section