Ripple Enters Leveraged Stock Financing via $1.25 Billion Hidden Road Acquisition
Key Facts
Ripple acquired Hidden Road in a deal valued at $1.25 billion, according to Reuters. The move allows Ripple to provide prime brokerage services and finance leveraged bets on stocks such as Nvidia and Sandisk, as the company seeks to enter the leveraged stock financing market traditionally dominated by major banks.
NVDA closed at $237.47 on October 7, 2026, while SNDK closed at $1,692.42 on the same date. Within the semiconductor peer group, AMD closed at $645.86 and INTC closed at $113.12 on October 7, 2026. These developments follow Ripple's strategic push to expand its financial infrastructure into multi-asset classes beyond its core digital asset business.
Latest Updates · 4
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Update: Ripple Prime has expanded its mandate with Brevan Howard as it continues to build its brokerage division. The expanded operations will focus on financing stock derivatives and accepting digital collateral as part of Ripple's new financial services infrastructure.
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Update: Ripple has officially launched its Delta One business, offering total return swaps to provide institutional clients with exposure to U.S. equities and indices. This expansion builds on the Ripple Prime suite, further diversifying the firm's institutional financial product offerings.
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Update: Ripple launched Ripple Prime to provide funding for investment products seeking to deliver multiples of the daily performance of individual stocks and market indexes. The new service specifically targets leveraged ETFs and aims to broaden the company's reach into institutional financing instruments.
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Update: Ripple Prime has begun financing ETFs tied to Nvidia and Sandisk stocks. The company is facilitating these transactions through total return swaps as part of its expanded institutional lending operations.