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 isn’t what’s most important – it’s 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 Ledger’s bread-and-butter – 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 Ripple’s 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
The United States is stockpiling gold.
It has taken them decades to realize what is happening around the world.
When the foundations of the system crack, the world runs to gold.
That is what is happening now.
Another thing many people are NOT talking about is the possibility of a repricing event of the gold reserves of the United States from their statutory value of $42.22 per oz to their current fair market value.
This was mentioned in a recent “Act” pushed forward...
I have talked about this for months, and recently, I have been with Dr. Ron Paul.
Also, with Sean Boyd, who has helped lead the world’s most valuable gold producer.
If this happens,
This will push gold into the hot light and totally discredit anyone in the media who has called gold a barbarous relic.
Again,
Does the movie seem to be just starting?