28 April | Other

Ripple’s $1.25 billion Hidden Road acquisition puts it on track to become Wall Street giant

Ripple’s $1.25 billion Hidden Road acquisition puts it on track to become Wall Street giant

Ripple is actively strengthening its market position by combining traditional finance with blockchain technology. In a recent post on X, attorney John E. Deaton highlighted the company's strategic moves to build a cutting-edge financial infrastructure.

A key milestone was the $1.25 billion acquisition of Hidden Road, a broker serving over 300 financial institutions and processing more than $3 trillion in annual transactions. By integrating the XRP Ledger for settlements, Ripple has slashed transaction processing time from 24 hours to just 3–5 seconds.

Ripple launched the RLUSD stablecoin, designed not only for payments but also as collateral for transactions, facilitating free capital movement between digital and traditional financial systems.

Ripple CEO Brad Garlinghouse plans to tokenize traditional assets, including stocks, bonds, and real estate, on the XRP Ledger. After resolving its legal battle with the US Securities and Exchange Commission (SEC), Ripple is accelerating development to outpace competitors and transform the XRP Ledger into a universal platform for all asset types, according to CoinMarketCap.

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