Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isnโt whatโs most important โ itโs that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledgerโs bread-and-butter โ instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Rippleโs significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG
@JessicaMcd19912@Timcast I wanted to be ugly instead of the pretty little girl that all creeps looked at. So I understand why she butched her hair like a boy and acts like that. She is a great actress and she needs to refocus her thoughts to positive or she will punish herself forever
I'm definitely all for calling the Gulf "GULF OF AMERICA" .
South America
Central America
United States of America
North America.
๐ Duh.... It just makes more sense.
@elonmusk Every bit of the coastline of the GULF IS AMERICAN LAND WITH AMERICAN PEOPLE.
From -
South America
Central America
United States of America
North America
Duh ...... It definitely SHOULD BE CALLED "GULF OF AMERICA".