XRP Surges as Ripple Completes Hidden Road Acquisition – Crypto News – Crypto News
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XRP Surges as Ripple Completes Hidden Road Acquisition XRP Surges as Ripple Completes Hidden Road Acquisition

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XRP Surges as Ripple Completes Hidden Road Acquisition – Crypto News

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As part of the deal, Hidden Road is now rebranded as Ripple Prime.

XRP, the native token of Ripple’s payment network, jumped on Friday after Ripple said it had completed its acquisition of global prime broker Hidden Road, now rebranded as Ripple Prime.

XRP is trading around $2.50, up about 5% on the day and 8% over the past seven days, after suffering losses most of last week amid a broader market downturn, according to The Defiant’s price page. It is currently the fifth-largest digital asset with a market capitalization of over $148 billion.

XRP Chart

Ripple said Ripple Prime’s business has already grown threefold since the $1.25 billion deal was announced earlier this year. The company also noted that RLUSD – Ripple’s stablecoin with a market cap near $899 million – will increasingly be used as collateral on the platform as more institutions adopt it.

The rebrand of Ripple Prime marks the first time a crypto company “owns and operates a global, multi-asset prime brokerage platform,” according to a company blog post.

The move underscores Ripple’s efforts to expand beyond payments and into broader institutional finance. The company says it believes this move will boost XRP’s real-world utility and make RLUSD more trusted by institutions.

“Ripple’s foundational digital asset infrastructure across payments, crypto custody and stablecoin, as well as the use of XRP, will complement the services offered within Ripple Prime,” the post reads. “In the future, Ripple Prime will look to leverage blockchain capabilities in its business to streamline operations and optimize costs.”

Recent Moves

The deal is the latest in a string of acquisitions by Ripple, including treasury management system provider GTreasury last week, Rail in August 2025, Standard Custody in June 2024, and Metaco in May 2023.

Following the acquisition of GTreasury, Ripple CEO Brad Garlinghouse reflected in a post on X that the past few years have “reminded this industry why payments, first and foremost, is THE primary use case for crypto and blockchain.”

He explained that payments are where Ripple first began for these reasons. “The infrastructure is complex, siloed and inefficient, but as we know, perfectly positioned to benefit from decentralized financial technologies,” he added.

In August, Ripple recorded another win when the company and the U.S. Securities and Exchange Commission (SEC) decided to jointly drop their appeals, marking the end of a five-year long battle.

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