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Ripple now a one-stop fintech shop after closing Hidden Road acquisition

Ripple has successfully acquired Hidden Road, rebranding it as Ripple Prime, effectively expanding its fintech services for institutional clients. This acquisition, valued at $1.25 billion, allows Ripple to operate a multi-asset prime broker, facilitating services like clearing, financing, and brokerage across digital assets and various financial products. Ripple Prime

Bank of England Probes Data Mining Lending Fueling AI Bets

The Bank of England (BOE) is investigating the rise of lending to data centers, which is being seen as a speculative avenue in the AI sector. A recent report from Bloomberg indicates that the BOE is concerned about the potential for a financial crisis akin to the dot-com bubble of

Ripple Explains How Its New Prime Brokerage Will Expand RLUSD Adoption and Utility

Ripple has rebranded the acquired global prime broker Hidden Road as Ripple Prime, presenting it as an all-in-one service for institutional trading, financing, and clearing. Since the acquisition, Ripple Prime's business has tripled, now serving over 300 institutional clients and facilitating more than $3 trillion in cleared transactions.

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