Ripple completes the Hidden Road acquisition and deepens its institutional stack

23.10.2025

Ripple is doubling down on institutions by completing the Hidden Road acquisition and expanding prime-style services for larger clients. In practical terms, it’s an effort to control more of the value chain inside one ecosystem — not just the underlying network technology, but also liquidity access, execution workflows, and post-trade operations. This matters because institutional participants typically prefer “end-to-end” infrastructure: fewer counterparties, clearer accountability, and more stable operational processes. Prime-level offerings can also improve risk governance — from margin frameworks and limits to reporting and flow transparency. More broadly, it signals market maturity: competition is increasingly about infrastructure standards that determine how large volumes are executed and managed, not only about retail user acquisition.