Ripple CEO Brad Garlinghouse has made a strong assertion reaffirming the corporate’s unwavering dedication to XRP.
For context, Ripple introduced it has finalized the acquisition of the main prime brokerage platform, Hidden Street. The $1.25 billion deal, which started earlier this yr, positions Ripple as the primary crypto-related firm to personal and function a practical multi-asset prime dealer.
Because of this, the corporate emphasised that the acquisition would allow it to speed up international institutional adoption of digital property. With the deal finalized, the San Francisco-based firm rebranded Hidden Street as Ripple Prime.
In its assertion, Ripple described the acquisition as a logical step towards serving to establishments embrace digital property. The corporate highlighted that its rising infrastructure, which spans crypto custody, funds, stablecoin options, and XRP utility, will seamlessly complement Hidden Street’s institutional choices, together with buying and selling and prime brokerage providers.
Garlinghouse Celebrates Hidden Street Acquisition
In a publish celebrating the deal, Garlinghouse famous that Ripple has unveiled 5 main acquisitions over the previous two years.
With at present’s shut of Hidden Street (now Ripple Prime), Ripple has introduced 5 main acquisitions in ~2 years (GTreasury final week, Rail in August, Customary Custody in 2024, Metaco in 2023). As we proceed to construct options in the direction of enabling an Web of Worth – I’m reminding you… https://t.co/O5Uub7ulw9
— Brad Garlinghouse (@bgarlinghouse) October 24, 2025
Final week, Ripple introduced its $1 billion acquisition of treasury administration agency GTreasury, marking a significant step towards coming into the multi-trillion-dollar company treasury market.
Simply weeks earlier, in August, Ripple had additionally revealed an settlement to accumulate Rail, a worldwide funds supplier specializing in stablecoin-powered settlements. Valued at roughly $200 million, Ripple acknowledged that the deal would permit each firms to ship an end-to-end stablecoin funds resolution for institutional shoppers.
Ripple’s acquisition spree extends past these current offers. In June 2024, the corporate acquired Customary Custody, a regulated enterprise-grade custodian, for an undisclosed quantity. The transfer strengthens Ripple’s capability to supply safe custodial providers to institutional shoppers whereas reinforcing its dedication to regulatory compliance.
Earlier, in Could 2023, Ripple accomplished the $250 million buy of Metaco, a Swiss-based digital asset custody agency, enabling its growth right into a market projected to exceed $10 trillion by 2030.
Now, Ripple has finalized its newest and largest deal but — the $1.25 billion acquisition of Hidden Street, a worldwide prime brokerage platform.
In response to Garlinghouse, these strategic acquisitions align with Ripple’s broader mission to construct an “Web of Worth” — a imaginative and prescient centered on enabling cash to maneuver as freely and effectively as data does at present.
Ripple CEO Makes Daring Declaration About XRP
In what many group members described as an unbelievable assertion, Garlinghouse reminded them that XRP stays on the core of Ripple’s operations. This reaffirms that XRP is key to the corporate’s general technique relatively than an non-obligatory asset.
The assertion seeks to handle rising hypothesis that Ripple has been sidelining XRP in favor of its stablecoin, RLUSD. Traditionally, XRP performed a central function in Ripple’s fee infrastructure, serving because the bridge asset inside its On-Demand Liquidity (ODL) resolution, which has now been rebranded as Ripple Funds.
Nonetheless, since RLUSD’s launch final yr, a number of group members have argued that Ripple’s focus has shifted away from XRP to RLUSD. The stablecoin has more and more appeared on the forefront of the corporate’s partnerships and integrations.
For instance, within the Hidden Street acquisition, Ripple’s official weblog highlighted RLUSD’s function as a collateral asset on the brokerage platform however made no point out of XRP.
This omission fueled hypothesis that XRP’s utility had been diminished primarily to protecting charges on the XRP Ledger, relatively than remaining integral to Ripple’s broader monetary technique.
Nonetheless, Garlinghouse has dismissed these issues in his newest X publish, reminding group members that XRP stays on the core of its whole technique. This means that Ripple will not be shifting its focus away from XRP nor sidelining it in favor of RLUSD, even because it expands its affect in funds, tokenization, custody, and liquidity.
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