Nigeria, April 8 -- The blockchain-based payments firm Ripple is making headlines with its biggest acquisition yet - a $1.25 billion agreement to acquire Hidden Road, a global prime brokerage platform.

The strategic move underscores Ripple's ambition to strengthen its infrastructure and expand institutional access to digital asset markets, as the line between traditional finance and crypto continues to blur.

This deal ranks among the largest in the digital assets sector, surpassing Stripe's recent $1.1 billion acquisition of stablecoin payment provider Bridge. Founded in 2018, Hidden Road offers prime brokerage, clearing, and financing services across various asset classes, including forex, digital assets, fixed income, and derivatives....