Ripple Acquisition and XRP ETF Launched
On the 8th of April 2025, Ripple announced it is acquiring Hidden Road Prime Brokerage for $1.25B, becoming the first crypto company to own and operate a global, multi-asset prime broker.
This partnership aims to bring digital assets to institutional customers at scale, bridging traditional finance and decentralized finance in innovative ways.
In other significant news, the first ever U.S. XRP ETF went live on April 8, 2025. This marks a notable development for Ripple, the XRP community, and the broader crypto market.
These announcements highlight Ripple's continued growth and its efforts to integrate digital assets into mainstream financial systems.