Ripple to acquire Hidden Road for $1.25bn.

Ripple, a provider of digital asset infrastructure for financial institutions, agreed to acquire Hidden Road, a multi-asset prime brokerage firm, for $1.25bn. “With new resources, licenses, and added risk capital, this deal will unlock significant growth in Hidden Road’s business, allowing us to increase capacity to our customer base, expand into new products, and service more markets and asset classes. Together with Ripple, we’re bringing the same level of trust and reliability that institutional clients are accustomed to in traditional markets - designed and optimized for a digital world,” Marc Asch, Hidden Road Founder and CEO.