The deal broadens Ripple's services, including clearing, prime brokerage, and financing across markets.
RLUSD is positioned as the first stablecoin for cross-margining between digital and traditional markets.
Michael Higgins, the International CEO of Hidden Road during FMLS:24 panel
Ripple has announced its acquisition of Hidden Road for
$1.25 billion, marking one of the largest deals in the digital assets sector.
This acquisition makes Ripple the first crypto company to own and operate a
global, multi-asset prime broker.
Hidden Road, a rapidly growing prime broker,
provides services including clearing, prime brokerage, and financing across
foreign exchange, digital assets, derivatives, swaps, and fixed income.
Ripple Acquisition Supports Institutional Adoption of
Crypto
Brad Garlinghouse, CEO, Ripple, Source: LinkedIn
“We are at an inflection point for the next phase of
digital asset adoption—the US market is effectively open for the first time
due to the regulatory overhang of the former SEC coming to an end, and the
market is maturing to address the needs of traditional finance,” said Brad
Garlinghouse, CEO of Ripple.
“With these tailwinds, we are continuing to
pursue opportunities to massively transform the space, leveraging our position
and the strengths of XRP to accelerate our business and enhance our current
solutions and technology,” Garlinghouse added.
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…
Ripple Enhances Infrastructure with Hidden Road
Acquisition
“With new resources, licenses, and added risk capital,
this deal will unlock significant growth in Hidden Road's business, allowing us
to increase capacity to our customer base, expand into new products, and
service more markets and asset classes,” said Marc Asch, Founder and CEO
of Hidden Road.
Hidden Road will migrate its post-trade activity to XRPL to
streamline operations and reduce costs, highlighting XRPL's potential for
institutional decentralized finance (DeFi). Ripple aims to optimize costs and
liquidity in Ripple Payments and provide custody services for Hidden Road's
customers needing bank-grade digital asset custody.
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…
“Together with Ripple, we're bringing the same level of
trust and reliability that institutional clients are accustomed to in
traditional markets—designed and optimized for a digital world,” Asch
added.
Higgins highlighted the firm’s recent achievement of
securing a license under the EU’s Markets in Crypto-Assets (MiCA) regulation in
the Netherlands, positioning it as one of the few approved entities under the
comprehensive European crypto-asset regulation.
He also addressed the balance between traditional finance
regulations and the growing crypto market, emphasizing the need for clear,
tailored regulations to encourage institutional involvement in the sector.
Ripple's Strategic Moves: Partnerships, Regulation, and
Investor Interest
Ripple has gained attention due to recent developments.
Michael Saylor, Executive Chairman of Strategy, discussed
the inclusion of cryptocurrencies in US strategic reserves following
President Trump’s executive order, which listed Bitcoin, Ethereum, XRP, Solana,
and Cardano. Saylor suggested that XRP should be regulated.
🚨 New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!
In South Korea, BDACS
will use Ripple Custody to secure XRP and RLUSD, while Ripple donated
$100,000 in XRP for California wildfire relief. Ripple expects Japanese banks
to adopt XRP Ledger by 2025 for cross-border payments. In DeFi, Ripple partners
with Chainlink to integrate RLUSD into Ethereum platforms.
Ripple has announced its acquisition of Hidden Road for
$1.25 billion, marking one of the largest deals in the digital assets sector.
This acquisition makes Ripple the first crypto company to own and operate a
global, multi-asset prime broker.
Hidden Road, a rapidly growing prime broker,
provides services including clearing, prime brokerage, and financing across
foreign exchange, digital assets, derivatives, swaps, and fixed income.
Ripple Acquisition Supports Institutional Adoption of
Crypto
Brad Garlinghouse, CEO, Ripple, Source: LinkedIn
“We are at an inflection point for the next phase of
digital asset adoption—the US market is effectively open for the first time
due to the regulatory overhang of the former SEC coming to an end, and the
market is maturing to address the needs of traditional finance,” said Brad
Garlinghouse, CEO of Ripple.
“With these tailwinds, we are continuing to
pursue opportunities to massively transform the space, leveraging our position
and the strengths of XRP to accelerate our business and enhance our current
solutions and technology,” Garlinghouse added.
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…
Ripple Enhances Infrastructure with Hidden Road
Acquisition
“With new resources, licenses, and added risk capital,
this deal will unlock significant growth in Hidden Road's business, allowing us
to increase capacity to our customer base, expand into new products, and
service more markets and asset classes,” said Marc Asch, Founder and CEO
of Hidden Road.
Hidden Road will migrate its post-trade activity to XRPL to
streamline operations and reduce costs, highlighting XRPL's potential for
institutional decentralized finance (DeFi). Ripple aims to optimize costs and
liquidity in Ripple Payments and provide custody services for Hidden Road's
customers needing bank-grade digital asset custody.
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…
“Together with Ripple, we're bringing the same level of
trust and reliability that institutional clients are accustomed to in
traditional markets—designed and optimized for a digital world,” Asch
added.
Higgins highlighted the firm’s recent achievement of
securing a license under the EU’s Markets in Crypto-Assets (MiCA) regulation in
the Netherlands, positioning it as one of the few approved entities under the
comprehensive European crypto-asset regulation.
He also addressed the balance between traditional finance
regulations and the growing crypto market, emphasizing the need for clear,
tailored regulations to encourage institutional involvement in the sector.
Ripple's Strategic Moves: Partnerships, Regulation, and
Investor Interest
Ripple has gained attention due to recent developments.
Michael Saylor, Executive Chairman of Strategy, discussed
the inclusion of cryptocurrencies in US strategic reserves following
President Trump’s executive order, which listed Bitcoin, Ethereum, XRP, Solana,
and Cardano. Saylor suggested that XRP should be regulated.
🚨 New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!
In South Korea, BDACS
will use Ripple Custody to secure XRP and RLUSD, while Ripple donated
$100,000 in XRP for California wildfire relief. Ripple expects Japanese banks
to adopt XRP Ledger by 2025 for cross-border payments. In DeFi, Ripple partners
with Chainlink to integrate RLUSD into Ethereum platforms.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Retail Traders Get Tokenized US IPO Allocations at Offer Price as Payward Expands xStocks
Featured Videos
AI Getting Real for Brokers
AI Getting Real for Brokers
AI Getting Real for Brokers
AI Getting Real for Brokers
Brokers and providers moved from the noise phase to treating AI tools as a core product question, with implications on anything from hiring priorities to acquisition strategy.
This session gathers retail brokers, platform builders, and AI tool providers to examine how LLMs change affect client trust, results, and risk.
Attendees will walk away with:
A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
Brokers and providers moved from the noise phase to treating AI tools as a core product question, with implications on anything from hiring priorities to acquisition strategy.
This session gathers retail brokers, platform builders, and AI tool providers to examine how LLMs change affect client trust, results, and risk.
Attendees will walk away with:
A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
Brokers and providers moved from the noise phase to treating AI tools as a core product question, with implications on anything from hiring priorities to acquisition strategy.
This session gathers retail brokers, platform builders, and AI tool providers to examine how LLMs change affect client trust, results, and risk.
Attendees will walk away with:
A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
Brokers and providers moved from the noise phase to treating AI tools as a core product question, with implications on anything from hiring priorities to acquisition strategy.
This session gathers retail brokers, platform builders, and AI tool providers to examine how LLMs change affect client trust, results, and risk.
Attendees will walk away with:
A first-hand account of where AI-driven trading tools generate real client value
Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
Clarity on the liability question: when an AI-driven recommendation leads to a bad trade, where does responsibility
Market Hype or Must‑Have Offering? Crypto’s Impact on Retail FX | Finance Magnates Webinar
Market Hype or Must‑Have Offering? Crypto’s Impact on Retail FX | Finance Magnates Webinar
Market Hype or Must‑Have Offering? Crypto’s Impact on Retail FX | Finance Magnates Webinar
Market Hype or Must‑Have Offering? Crypto’s Impact on Retail FX | Finance Magnates Webinar
Market Hype or Must‑Have Offering? Crypto’s Impact on Retail FX | Finance Magnates Webinar
Market Hype or Must‑Have Offering? Crypto’s Impact on Retail FX | Finance Magnates Webinar
Is crypto hype or a real opportunity for retail FX?
In this webinar, Gold-i and Finance Magnates bring together industry leaders to discuss how digital assets are reshaping the retail trading landscape.
🎙️ Featuring:
Tom Higgins, CEO, Gold-i
Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
Topics include:
• Regulatory challenges and adoption hurdles
• Liquidity and operational risks
• The future role of crypto in retail FX
• Industry confidence in scaling crypto offerings
• Crypto products with the strongest growth potential
Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
#Crypto #RetailFX #Forex #Trading #DigitalAssets #Fintech #Webinar #FinanceMagnates #Goldi
Is crypto hype or a real opportunity for retail FX?
In this webinar, Gold-i and Finance Magnates bring together industry leaders to discuss how digital assets are reshaping the retail trading landscape.
🎙️ Featuring:
Tom Higgins, CEO, Gold-i
Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
Topics include:
• Regulatory challenges and adoption hurdles
• Liquidity and operational risks
• The future role of crypto in retail FX
• Industry confidence in scaling crypto offerings
• Crypto products with the strongest growth potential
Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
#Crypto #RetailFX #Forex #Trading #DigitalAssets #Fintech #Webinar #FinanceMagnates #Goldi
Is crypto hype or a real opportunity for retail FX?
In this webinar, Gold-i and Finance Magnates bring together industry leaders to discuss how digital assets are reshaping the retail trading landscape.
🎙️ Featuring:
Tom Higgins, CEO, Gold-i
Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
Topics include:
• Regulatory challenges and adoption hurdles
• Liquidity and operational risks
• The future role of crypto in retail FX
• Industry confidence in scaling crypto offerings
• Crypto products with the strongest growth potential
Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
#Crypto #RetailFX #Forex #Trading #DigitalAssets #Fintech #Webinar #FinanceMagnates #Goldi
Is crypto hype or a real opportunity for retail FX?
In this webinar, Gold-i and Finance Magnates bring together industry leaders to discuss how digital assets are reshaping the retail trading landscape.
🎙️ Featuring:
Tom Higgins, CEO, Gold-i
Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
Topics include:
• Regulatory challenges and adoption hurdles
• Liquidity and operational risks
• The future role of crypto in retail FX
• Industry confidence in scaling crypto offerings
• Crypto products with the strongest growth potential
Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
#Crypto #RetailFX #Forex #Trading #DigitalAssets #Fintech #Webinar #FinanceMagnates #Goldi
Is crypto hype or a real opportunity for retail FX?
In this webinar, Gold-i and Finance Magnates bring together industry leaders to discuss how digital assets are reshaping the retail trading landscape.
🎙️ Featuring:
Tom Higgins, CEO, Gold-i
Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
Topics include:
• Regulatory challenges and adoption hurdles
• Liquidity and operational risks
• The future role of crypto in retail FX
• Industry confidence in scaling crypto offerings
• Crypto products with the strongest growth potential
Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
#Crypto #RetailFX #Forex #Trading #DigitalAssets #Fintech #Webinar #FinanceMagnates #Goldi
Is crypto hype or a real opportunity for retail FX?
In this webinar, Gold-i and Finance Magnates bring together industry leaders to discuss how digital assets are reshaping the retail trading landscape.
🎙️ Featuring:
Tom Higgins, CEO, Gold-i
Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
Topics include:
• Regulatory challenges and adoption hurdles
• Liquidity and operational risks
• The future role of crypto in retail FX
• Industry confidence in scaling crypto offerings
• Crypto products with the strongest growth potential
Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
#Crypto #RetailFX #Forex #Trading #DigitalAssets #Fintech #Webinar #FinanceMagnates #Goldi
FM Daily Brief – 9 June 2026
FM Daily Brief – 9 June 2026
FM Daily Brief – 9 June 2026
FM Daily Brief – 9 June 2026
FM Daily Brief – 9 June 2026
FM Daily Brief – 9 June 2026
Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
War Stories: Lessons from 20 Years in Markets (the pain, the pitfalls and the profits)
War Stories: Lessons from 20 Years in Markets (the pain, the pitfalls and the profits)
War Stories: Lessons from 20 Years in Markets (the pain, the pitfalls and the profits)
War Stories: Lessons from 20 Years in Markets (the pain, the pitfalls and the profits)
War Stories: Lessons from 20 Years in Markets (the pain, the pitfalls and the profits)
War Stories: Lessons from 20 Years in Markets (the pain, the pitfalls and the profits)
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
