The post XRP News Today: Ripple Set to Transform XRP Ledger with Wall Street-Backed Deal appeared first on Coinpedia Fintech News
The crypto market may be quiet, but XRP news is heating up. Ripple’s latest move, through its upcoming acquisition of Hidden Road, could transform both its role in crypto and its ambitions in cross-border payments.
Ripple News: Hidden Road Gains U.S. Approval, XRP Strategy Deepens
Hidden Road, a prime brokerage firm that Ripple is set to acquire, has just been approved by FINRA to operate as a U.S. broker-dealer. This means the company is now legally cleared to expand its services to institutional clients in the United States. The license was issued to its U.S. arm, Hidden Road Partners CIV US LLC. It will allow the firm to offer broader services in clearing, financing, and prime brokerage, particularly focused on fixed income assets.
In an X post, Crypto analyst John Squire noted that this timing is no coincidence. He described it as a clear statement, suggesting Ripple is navigating regulations with precision. According to him, XRP is not just reacting to the market but making calculated regulatory moves like a chess master, not a casual player. His post is a hint that something big is coming up soon, as Ripple can officially expand in the US and bring new investors who feared earlier due to regulations.
Big Plans Backed by Ripple
This regulatory nod comes shortly after Hidden Road announced it would be acquired by Ripple for a hefty $1.25 billion. The deal is still awaiting final regulatory approval but is expected to close in the coming months. Once complete, Hidden Road is expected to operate with even more strength, using Ripple’s backing to scale faster and compete with some of the biggest names in prime brokerage.
According to Noel Kimmel, President of Hidden Road, this license is a major step forward in strengthening their position in traditional finance. With Ripple’s support, the firm aims to become one of the largest non-bank prime brokers in the industry.
XRPL to Play a Key Role
Ripple is not just providing money. Hidden Road has plans to shift its post-trade operations onto the XRP Ledger. This move could bring major cost savings and faster settlements, offering clients a more efficient way to handle trades after execution.
This move shows that Ripple wants to do more than just handle crypto payments. By buying a company that is ready to grow in regular financial markets and using the XRP Ledger to power it, Ripple is trying to become a big name in both crypto and traditional finance.
As the deal gets closer to being finished, people are watching to see how Ripple will use this new company to grow even more. For now, it is a quiet move but a strong one that shows Ripple is thinking far ahead.This moment marks a new era in Ripple XRP cross-border payments—with one foot in crypto and the other in Wall Street. For those tracking the latest XRP news, this could be a breakout moment.
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