Taehun Lee

[Dom Kwok | EasyA @dom_kwok]

i worked at goldman sachs, blackstone and graduated from @Wharton with honors.

i've tracked tons of deals in the crypto space.

but @ripple's acquisition of hidden road is without a doubt one of the most important deals for crypto.

here's why:

1/ ripple is now the first crypto company to own and operate a global, multi-asset prime broker.

this means ripple can offer full-service trading and clearing solutions that rival wall street's biggest players. in fact, it's the first crypto company to do so.

2/ one of the largest deals in crypto.

at $1.25 billion, this is a big deal (literally!). i'm currently on the ground at Paris Blockchain Week, where the news first dropped, and it's all everyone's talking about.

3/ supercharges the #XRP Ledger and adoption of $RLUSD stablecoins.

how? well, all of hidden road's trades will be migrated onto the #XRP Ledger. and $RLUSD will be used as collateral across Hidden Road’s brokerage services. both bring huge real-world institutional usage to the ecosystem.

4/ hidden road is one of the fastest-growing prime brokers in the world.

with $3 trillion+ in clearing volume annually and 300+ institutional customers, hidden road allows ripple to bring digital assets to institutional customers at speed and scale previously not possible.

5/ gives ripple an unparalleled foothold in traditional finance.

on any one day, hidden road clears over $10 billion and processes more than 50 million transactions across traditional rails. now, that's going to run on the XRP Ledger.

since partnering with ripple, we @easya_app have educated over 100,000 developers on the XRP Ledger and got thousands more launching on the XRPL at our in-person ripple hackathons around the world.

with this latest acquisition, we're excited to work with ripple to onboard thousands more. the future's even brighter than you can imagine.