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CryptoMediumUpdated•Originally published 8 October 2026•Updated 8 October 2026•
1 min read

Ripple Enters Leveraged Stock Financing via $1.25 Billion Hidden Road Acquisition

Key Facts

1Ripple acquired Hidden Road in a deal valued at $1.25 billion.
2The move allows Ripple to provide prime brokerage services and finance leveraged bets on stocks like Nvidia and Sandisk.

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 · 1

  1. Notable·

    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.