Key Takeaways
- Ripple turns into the primary crypto agency to personal a world multi-asset prime dealer by buying Hidden Highway.
- Hidden Highway has been rebranded as Ripple Prime, aiming to boost institutional entry to digital property via world prime brokerage providers.
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Ripple has accomplished its acquisition of Hidden Highway, changing into the primary crypto firm to personal a world multi-asset prime dealer.
The deal rebrands Hidden Highway as Ripple Prime, a world prime brokerage service designed to scale institutional entry to digital property. The acquisition enhances Ripple’s institutional choices via expanded custody and buying and selling capabilities.
Ripple has partnered with a significant South African monetary establishment to offer institutional digital asset custody, extending safe providers to new markets. The corporate’s stablecoin is now built-in with tokenized funds from main asset managers, enabling instantaneous exchanges that protect publicity to cash market yields for institutional customers.
The acquisition positions Ripple to supply safe custody and tokenized asset options throughout a number of areas, concentrating on large-scale monetary entities searching for blockchain infrastructure providers.
