Ripple's Hidden Road pushes into leveraged-stock financing

Ripple is now earning fees from a Wall Street business long run by banks: financing leveraged stock bets. Through its $1.25 billion acquisition of Hidden Road, the crypto company serves funds that pay to amplify daily moves in stocks such as Nvidia and Sandisk, per CoinDesk.

• Hidden Road is a prime-brokerage operation that gives Ripple a foothold in institutional margin and financing for equities.
• The deal marks Ripple's expansion beyond payments and XRP into traditional market infrastructure.

No details were disclosed on fee structures, client volumes or how the prime-brokerage book slots into Ripple's broader treasury and tokenization push.