Ripple to buy BRIMER BROKER HEDENEN ROAD for $ 1.25 billion

Ripple said on Tuesday that it was agreed to purchase Hidden Road Prime Hidden Road for $ 1.25 billion, in the largest acquisition of Crypto Startup so far.

Hidden Road was founded in 2018, provides clearing services, major brokerage and financing services via foreign exchange, digital assets, derivatives, bodies and fixed income. It currently wipes more than 3 trillion dollars annually across the markets with more than 300 institutional customers, including hedge boxes.

The acquisition is one of the largest deals in the area of ​​digital assets so far, as it tops the $ 1.1 billion in the STIPE deal to buy Bridge, a platform that makes it easy for companies to pay through Stablecoins.

The CEO of Ripple Brad Garlinghouse said that the deal gathered after Hidden Road found itself “restricted” in growth due to the restrictions of the public budget and began searching for external capital.

“This is a big deal for Ripple – but it is also a big problem in this industry. Garinghouse told CNBC over the phone. With the entire intervention of the encryption industry in traditional financing, we need a higher infrastructure than the first degree to be able to support the financial institutions that want to come.”

Ripple, which amounted to the last $ 11.3 billion in the re -purchase of an arrow of 2024, said that once the transaction is closed, the plan is the hidden way to use RLUSD Stablecoin – which is what It was launched in December – As guaranteed through the company’s main brokerage products.

“The guarantee is the key,” said Garlinghyus. Hedge boxes and other institutional investors usually require obtaining complex loans or trading positions, Like salesly sales.

Ripple’s acquisition of the hidden road is still subject to the necessary organizational approvals. Garinghouse told CNBC that he expected the deal to be closed no later than the third quarter of 2025.

Ripple scored a great victory last month, when US securities and the stock exchange decreased A lengthy legal issue against the company He accused her of offering illegal securities.

The encryption industry was generally strengthened by the re -election of Donald Trump as an American president, who described the benefits of encryption and the promises of favorable policies for this industry.

When asked whether this most pro-causing organizational environment gave Ripple AdDUP to give its main mediation, Garinghouse said that “these deals are more logical when you have a supportive regulatory environment-unlike the legal tactics of the open war.”

He has previously criticized the head of encryption at the Supreme Education Council and its former leader Gary Ginsner, who supervised aggressive legal measures against many encryption companies, including Ripple.