“I’m actually excited to share a deal we now have been engaged on for a while. Ripple is buying Hidden Highway, which is a first-rate dealer. One of many largest and dominating prime brokers.” introduced Monica Lengthy, President of Ripple, on 8 April 2025 on the Paris Blockchain Week.
That is Ripple’s largest acquisition, at $1.25 billion. Hidden Highway, a world, multi-asset prime dealer, is without doubt one of the fastest-growing prime brokers. The corporate provides establishments clearing, prime brokerage, and financing throughout international change (FX), digital property, derivatives, swaps, and glued earnings.
Commenting on the acquisition, Ripple CEO Brad Garlinghouse mentioned,“We’re at an inflection level for the subsequent section of digital asset adoption – the US market is successfully open for the primary time because of the regulatory overhang of the previous SEC coming to an finish, and the market is maturing to deal with the wants of conventional finance. With these tailwinds, we’re persevering with to pursue alternatives to massively remodel the area, leveraging our place and the strengths of XRP to speed up our enterprise and improve our present options and know-how.”
At this time, Ripple introduced it’s buying Hidden Highway for $1.25B– changing into the primary crypto firm to personal and function a world, multi-asset prime dealer. Collectively, Ripple and Hidden Highway are bringing the promise of digital property to institutional clients at scale, bridging…
— Ripple (@Ripple) April 8, 2025
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“RLUSD Is Off To A Robust Begin,” Says Ripple President
“Ripple US greenback stablecoin, which we simply launched on the finish of final yr in December, has now exceeded 300 million in market cap. It has carried out $10 billion in buying and selling. So we’re off to a powerful begin,” mentioned Lengthy.
“Now, the explanation we launched the Ripple stablecoin was as a result of we do tens of billions of {dollars} in fee flows by means of digital property already,” she mentioned. “We’re already utilizing stablecoins in these flows. And so we now have a a killer use case inside our core enterprise of funds for the stablecoin.”
Therefore, based on Lengthy, the partnership with Hidden Highway will then lengthen it (RLUSD) into extra of the capital markets world.
“The CEO and founding father of Hidden Highway, Marc Asch, is a visionary,” mentioned Lengthy on the Blockchain occasion held in Paris. “So the concept right here is that Hidden Highway by means of its prime dealer enterprise is ready to supercharge a variety of who we do.”
In the meantime Asch mentioned, “With new sources, licenses, and added danger capital, this deal will unlock vital development in Hidden Highway’s enterprise, permitting us to extend capability to our buyer base, increase into new merchandise, and repair extra markets and asset lessons.”
“Now that we’re gonna be one joint household we can sort of click on the companies collectively,” added Lengthy. Nonetheless, she reaffirmed Ripple’s pleasure about its partnerships with a number of the prime exchanges like Kraken and Bitstamp to get distribution in addition to retail distribution of RLUSD.
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Two Ts Dominating Markets Proper Now – Trump And Tariffs
“That is that is the the subject of the second,” admitted Lengthy. “I believe macroeconomic image, we like all of you, are watching and ready. We’re ready to see how this performs out,” mentioned Lengthy speaking concerning the impression of Donald Trump’s current tariffs on the general public markets and crypto markets.
Nonetheless, Lengthy mentioned that by way of how issues are going within the US for the crypto business, there’s extra friendliness from this administration than ever seen earlier than.
“The the brand new guard on the SEC has definitely turned a web page on not regulating by means of enforcement actions, however fairly dropping these and and creating a transparent path for us to maneuver ahead,” mentioned Lengthy. “The Home and Senate each have stablecoin payments which might be progressing fairly a bit.”
Key Takeaways
Ripple President says there’s much more openness within the US than prior to now.
“The presidency in addition to each homes in Congress are leaning extra professional crypto and embracing the innovation behind it than they ever have earlier than,” mentioned Ripple President Monica Lengthy.
“The stablecoin payments that we’re seeing put ahead are there to guard customers. One-to-one backing, auditing reserves – issues like that which might be actually necessary,” mentioned Lengthy.
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