Exchanges· ★★★★· neutral·

Ripple spent $2.45B on three acquisitions in 2025

  • —Hidden Road acquired for $1.25B, closed October 24, rebranded Ripple Prime
  • —Rail acquired for $200M: stablecoin payments platform with virtual accounts
  • —GTreasury acquired for $1B: TMS serving 1,000+ clients across 160 countries
  • —RLUSD, not XRP, is used as collateral in prime brokerage products
Why it matters: Ripple is expanding from payments into institutional prime brokerage and corporate treasury, though the deals do not directly signal rising XRP demand.
Source: TokenPost