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Ripple Backs Global Expansion as Hidden Road Sets Foot in Abu Dhabi

The post Ripple Backs Global Expansion as Hidden Road Sets Foot in Abu Dhabi appeared first on Coinpedia Fintech News

In a world where crypto firms often clash with regulators, Ripple is choosing a different path, one thats quietly reshaping the future of global finance. Ripples $1.25 billion deal to acquire Hidden Road isnt just about expanding services, its a strategic bet on Abu Dhabis rise as a global crypto and fintech hub. As Ripple plan to open Hidden Roads new office in Abu Dhabi. 

Why Office In Abu Dhabi?

Hidden Road, a digital and traditional asset brokerage firm, is expanding its global footprint by launching an office in Abu Dhabi. This move isnt just another overseas branch, its a strategic leap into the Middle East, a region increasingly open to crypto innovation.

Its not just about favorable regulations or tax incentives. Abu Dhabi is building a serious financial ecosystem that understands innovation. Ripples move to plant Hidden Roads new office here shows where the real action might be heading next.

With James Stickland, a well-known name in crypto finance, and the UAE CEO at Hidden Road said that the firm is gearing up to serve institutional clients with prime brokerage and clearing services.

Ripple isnt alone. Circle, the company behind USDC, is also moving in. Thats not a coincidenceits a sign of a growing shift. Big crypto firms are finding more than just licenses in Abu Dhabi, theyre finding opportunity.

Ripples Bigger Vision: Building Global Infrastructure

This development comes shortly after Ripple struck a deal to acquire Hidden Road in whats shaping up to be one of the biggest mergers in the digital asset space. Ripples bigger aim is to turn Hidden Road into the worlds top non-bank prime broker.

Abu Dhabis regulators are already on board, having granted Hidden Road initial approval. Once the final green light arrives, the company will be able to fully operate and serve large investors in the UAE. 

Interestingly, insiders suggest a member of the Abu Dhabi royal family might join the board of the local entity once approval is securedsignaling strong local confidence in the project.

From Crypto Rebels to Global Infrastructure Players

This move represents a larger evolution in crypto. Ripple isnt just fighting lawsuits anymore, its building infrastructure. 

Ripple, led by CEO Brad Garlinghouse, plans to invest more fund into Hidden Road, helping it expand services not only in the UAE but also in the U.S., where it recently received approval to operate as a broker-dealer.

Backed by Ripple and strong regulatory support, Hidden Road is becoming a key player in global crypto services for big investors.

Read more: https://coinpedia.org/news/ripple-backs-global-expansion-as-hidden-road-sets-foot-in-abu-dhabi/

Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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