Hidden Road's $1.25 Billion Acquisition by Ripple
Deal News | Apr 08, 2025 | Wachtell, Lipton, Rosen & Katz
On April 8, 2025, Hidden Road Inc., an important player in the global credit network for prime brokerage and asset financing, announced a definitive agreement to be acquired by Ripple Labs Inc. This acquisition, valued at approximately $1.25 billion, involves a mix of cash and stock. Ripple Labs Inc., known for its blockchain technology and digital asset XRP, is set to expand its capabilities and offerings by integrating Hidden Road’s network and solutions. Wachtell, Lipton, Rosen & Katz served as legal advisors in this high-profile transaction.
Sectors
- Blockchain Technology
- Financial Services
Geography
- United States – The primary geography of both companies, as they are based and operate within the United States.
Industry
- Blockchain Technology – Ripple Labs Inc. is a major player in blockchain technology, known for its digital asset XRP.
- Financial Services – Hidden Road Inc. operates within the financial services sector, dealing with global credit networks and asset financing.
Financials
- 1.25 billion – Aggregate consideration for the acquisition of Hidden Road by Ripple, paid in cash and stock.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hidden Road Inc. | Target Company | Company | A global credit network specializing in prime brokerage, clearing, and financing assets. |
| Ripple Labs Inc. | Bidding Company | Company | A blockchain technology firm known for its development of the digital asset XRP. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Legal advisory firm providing support for the acquisition. |