Chuck Sabella

[Chuck Sabella @chuc0866]

https://t.co/C35yyQ9aHB

[Chuck Sabella @chuc0866]

https://t.co/1pgTw2gwph

[Chuck Sabella @chuc0866]

https://t.co/mr9SI3bwta

[Chuck Sabella @chuc0866]

https://t.co/Art36ACtBm

[Chuck Sabella @chuc0866]

https://t.co/W5uGQYdgVL

[Brad Garlinghouse @bgarlinghouse]

Q1’25 was an incredible quarter for Ripple, with our acquisition of Hidden Road and end to the SEC case, not to mention institutional interest in XRP ETPs globally.

Moving forward, the XRP Markets Report will look a little different. As some may remember, the objective of publishing these reports starting in 2017 was transparency into Ripple’s holdings of XRP, which unfortunately was then used against us by the SEC and others. Our commitment to transparency doesn’t change with this evolution -- we will continue to publish our XRP holdings on https://t.co/M2Jg4dTKON. Ripple & XRP-related ongoing updates will also be shared through existing social channels, rather than collated for a single, end of the quarter update.

[Chuck Sabella @chuc0866]

https://t.co/NTGBroynjo

[Chuck Sabella @chuc0866]

https://t.co/psrtig2REA

[Ripple @Ripple]

Today, Ripple announced it is acquiring Hidden Road for $1.25B– becoming the first crypto company to own and operate a global, multi-asset prime broker. Together, Ripple and Hidden Road are bringing the promise of digital assets to institutional customers at scale, bridging traditional finance and decentralized finance in ways never seen before.
https://t.co/dxNz6sG0JO

[Brad Garlinghouse @bgarlinghouse]

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

[Chuck Sabella @chuc0866]

https://t.co/6LBgQYLTrG

[Chuck Sabella @chuc0866]

https://t.co/0kgc9PZLyd

[Chuck Sabella @chuc0866]

https://t.co/MCc58NwznH

[Chuck Sabella @chuc0866]

https://t.co/eEXzfU1cXL

[Brad Garlinghouse @bgarlinghouse]

2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved.

Today:
✅75% of Ripple’s open roles are now US-based, while over the last 4 years, the vast majority of hires were outside the US
✅We signed more US deals in the last six weeks of 2024 (since the election) than the previous six MONTHS

Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again – through his campaign, and in the Administration’s day 1 priorities.

[Chuck Sabella @chuc0866]

https://t.co/t2aL1wR2gh

[Chuck Sabella @chuc0866]

https://t.co/cwWhwpM8kv

[Chuck Sabella @chuc0866]

https://t.co/i8VbXjCaaj

[Chuck Sabella @chuc0866]

https://t.co/z1GUeEvPjU

[Mr. Man @MrManXRP]

How the mechanics of Ripple’s stablecoin (RLUSD) will work.
As explained by @JoelKatz.