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Ripple’s acquisition of Hidden Road and Metaco signals its aggressive push into the $16 trillion institutional custody market. With blockchain infrastructure and stablecoin solutions, Ripple aims to bridge TradFi and DeFi. Legal expert John Deaton sees this as a strategic move to dominate asset tokenization.
- Ripple acquired Hidden Road ($1.25B) and Metaco ($250M) to strengthen custody services for institutional clients.
- John Deaton calls Ripple’s strategy the 'best example of TradFi-DeFi convergence,' targeting a $16T custody market by 2030.
- Ripple’s custody push includes tokenization of real-world assets on XRPL, with RLUSD stablecoin facilitating swaps.
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Other Tags: Chamath Palihapitiya, John Deaton, Boston Consulting Group, DeFi, Metaco, Ripple Labs, TradFi, XRPL