Ripple CEO Brad Garlinghouse Explains Why Hidden Road Is Key to DeFi Growth
Main Idea
Ripple is expanding its presence in decentralized finance (DeFi) through the acquisition of Hidden Road, aiming to bridge traditional finance and crypto markets while positioning XRP as a core settlement asset.
Key Points
1. Ripple acquired Hidden Road, a prime broker that serves institutional players like hedge funds and major banks, to facilitate DeFi adoption.
2. Hidden Road acts as a 'one-stop shop' for institutions, potentially attracting more prime brokers to DeFi as it becomes mainstream.
3. Ripple moved over $108 million in XRP in a single transaction, likely tied to its ecosystem products like ETPS.
4. The acquisition aims to position XRP as a core settlement asset and enhance Ripple's credibility in the financial world.
5. Ripple's RLUSD stablecoin will serve as collateral to boost liquidity and use cases on the XRP Ledger.
6. Hidden Road is targeting Wall Street firms, replacing traditional banks as entry points into the crypto market.
Description
The post Ripple CEO Brad Garlinghouse Explains Why Hidden Road Is Key to DeFi Growth appeared first on Coinpedia Fintech News Ripple is quietly building a powerhouse in decentralized finance (DeFi), and its latest acquisition, Hidden Road, is taking center stage. CEO Brad Garlinghouse recently highlighted how the firm is transforming access to both traditional finance and crypto markets, and it’s moving fast. Hidden Road Opens DeFi to Wall Street Hidden Road, now under Ripple’s wing, is not just...
Latest News
- Crypto News Today: Bitcoin Eyes $132K After Holding Above $118K2025-07-27 06:34:58
- Can XRP Price Hit Four Digits in 2025?2025-07-27 06:09:23
- XRP, Sui, and Pudgy Penguins Set to Hit New All-Time Highs Next Week: Top Altcoins to Watch2025-07-27 02:41:54
- Finding The Next Pepe Coin – What Cryptos Might Have The 10,000x Factor?2025-07-26 16:30:18
- Cardano Price Drops But ADA Remains A Hugely Bullish Bet For Experts, Along With RTX and SUI2025-07-26 15:56:22