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
Following a very constructive phone discussion with the Government of Japan, @POTUS@realDonaldTrump has tasked me and @USTradeRep to open negotiations to implement the President’s vision for the new Golden Age of Global Trade with @JPN_PMO Shigeru Ishiba and his Cabinet.
By 2033, a $0.6T → $18.9T shift is coming as tokenization reshapes global finance.
Why?
🏛️ Regulation & institutional adoption
🏙️ Real-world assets like bonds & real estate
🔀 Faster, interoperable financial infrastructure
The institutions that act now will lead the next era of finance.
Get ready with our new tokenization report with @BCG:
https://t.co/NS76ax5k7p
In the largest study ever of crypto in the US, the @NatCryptoAssoc found that:
- 21% of Americans hold crypto
- 76% of them said it has a positive impact on their lives
That's why orgs like the NCA are so important - spotlighting the practical, everyday use cases possible through crypto.
Check out the full report:
@UpholdInc Is it true that xrp will reach its highest potential, when everyone starts using xrp everywhere for every single transaction that we do same as dollar? Like replacing dollar and using xrp?
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SEC’s request. All subject to Commission vote, drafting of final documents and usual court processes.
That’s all folks!
As I said today on @MorningsMaria, I strongly believe we are UNDERESTIMATING what it means to unlock the US market through upcoming crypto legislation as well as previous guidance / statements rescinded from the SEC and OCC allowing FIs to work with crypto.
With 4+ years of headwinds behind us – the US is ready to reclaim its leadership position.
So @swiftcommunity just made everyone delete the info but we got it. XRP to the rescue. Ironically, Ripple just put out a statement stating that they are going to start scaling back on the sales of XRP. They’re running out of XRP & everyone needs it. Remb what I told you guys, DO NOT sell your whole bag because you probably won’t be able to buy back in for various reasons and this is one of them.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
#XRPFamily - This Is a Double Win! 🎉
First, it’s interesting that @AltcoinDailyio, being twins and #BTC maxis, don’t quite grasp that #XRP is different from #XRPL. 🤔
Second, if you combine #ETH (18.2%) and #ADA (21.7%), that totals 39.9%, while #XRP still stands strong beyond that! 💪
Understand that @AltcoinDailyio are not only #BTC maxis but also somewhat anti-#XRP. This highlights the valuable insight into the strength and stamina of the #XRPCommunity! 🔥💚