Attention XRP Investors! Ripple has announced a new investment of 1.25 Billion Dollars!

According to last-minute information, Ripple announced today that it has bought the crypto-friendly brokerage Hidden Road for 1.25 billion dollars.

The agreement will primarily be executed in cash, XRP tokens, and company shares. The completion of the purchase is expected in the coming months, pending regulatory approval.

This purchase represents one of the largest deals in the field of digital assets.

With this buy out, Ripple became the first cryptocurrency company to have and operate a global, multi-asset primary brokerage.

Hidden Road, one of the fastest growing primary brokerage firms in the world, provides a one-stop solution for advanced services such as foreign exchange (FX), digital assets, derivatives, swaps, and fixed income, including brokerage and financing for institutions.

Hidden Road has a strong business that clears $3 trillion annually in markets with over 300 institutional clients.

With this buy out, Hidden Road will move its post-trade activities across the XRPL to facilitate operations and reduce costs, showcasing XRPL’s potential to be the preferred blockchain for institutional decentralized finance (DeFi).

Hidden Road will also use Ripple USD (RLUSD) as collateral among its primary brokerage products.

Ripple CEO Brad Garlinghouse stated in a statement:

"We are at a turning point for the next phase of digital asset adoption. The U.S. market is effectively open for the first time due to the increased regulatory burden following the end of the former SEC, and the market is maturing to meet the needs of traditional finance.

With these positive winds, we continue to pursue opportunities to greatly transform the field, leveraging our position and the strengths of XRP to accelerate our business and enhance our existing solutions and technologies.