Ripple acquisition of Hidden Road a ‘defining moment’ for XRPL — Ripple CTO

Following the acquisition, the XRP Ledger could become a major venue for tokenized real-world assets, said David Schwartz.

Ripple’s $1.25 billion acquisition of prime broker Hidden Road is a “defining moment” for the blockchain payments company, potentially unlocking more use cases for the XRP Ledger among institutions, said David Schwartz, Ripple’s chief technology officer. 

“Ripple’s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP,” Schwartz said on social media on April 8. 

Hidden Road is a prime brokerage and credit network with more than 300 institutional customers. On a typical day, it clears more than $10 billion and processes more than 50 million transactions across traditional rails. 

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