Here are 5 big moves for Ripple in 2023 and beyond and how they will affect XRP

Brad Garlinghouse recently outlined all the significant acquisitions the company has made in recent years.

Ripple has had a big year since the 2024 US presidential election, which saw Donald Trump win for the second time and return to office in early 2025. Considering his campaign and his numerous pro-crypto pledges, including firing then-SEC Chairman Gary Gensler, who led the war against Ripple, it was clear that the winds were about to change dramatically, especially for US-based companies.

The organization, led by Brad Garlinghouse, has been at the forefront of the beneficiary, primarily since the tides turned in the SEC and a four-year battle between the two sides finally ended in a positive way for Ripple. But even before the lawsuit ended, the company had begun making some bold acquisition moves, which Garlinghouse acknowledged in a post on X on Friday.

With today’s closure of Hidden Road (now Ripple Prime), Ripple announced five major acquisitions in about two years (GTreasury last week, Rail in August, Standard Custody in 2024, and Metaco in 2023). As we continue to build solutions for the Internet of Value, we would like to remind you… https://t.co/O5Uub7ulw9

— Brad Garlinghouse (@bgarlinghouse) October 24, 2025

5 big purchases

It all started in May 2023 with a deal to acquire Metaco, a Swiss-based crypto custody provider, for $250 million. This allows Ripple to enhance its enterprise offerings and provide customers with technology to store, issue, and settle tokenized assets.

Less than a year later, another acquisition made headlines when Ripple President Monica Long outlined the acquisition of Standard Custody and Trust Company, an enterprise-grade regulatory platform for cryptocurrencies.

And in 2025, the number of deals jumped to three (to date). Rail, a platform built to use stablecoins and fiat currencies to help businesses move money with speed, transparency, and trust, has been acquired for $200 million.

In addition to highlighting its plans to create its own $1 billion treasury company, Ripple has acquired financial software provider GTreasury for $1 billion to strengthen its corporate finance relationships.

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The most expensive acquisition was prime broker Hidden Road. Originally announced in April, the deal became official earlier this week, and the platform is now known as Ripple Prime.

“We are pleased to share that we have officially completed our acquisition of Hidden Road, making Ripple the first crypto company to own and operate a global multi-asset prime broker, bringing the promise of digital assets to institutional clients at scale,” the company’s statement reads.

Impact of XRP?

While XRP troops rejoiced at each purchase and the conclusion of the SEC lawsuit, some questioned the positive impact on the underlying asset, which peaked in July but has fallen about 30% since then. CryptoSensei asked Garlinghouse directly about the role of XRP in the overall Ripple infrastructure, especially since the introduction of the project’s stablecoin (RLUSD) late last year.

Brad, many in the XRP community are trying to understand how the clearing and settlement process will work now that Ripple has integrated Hidden Road under Ripple Prime.

I heard that RLUSD is mentioned as a core payment asset, but is that RLUSD operated on the XRP Ledger or…

— CryptoSensei (@Crypt0Senseii) October 24, 2025

Another user tried to explain that XRP is used for liquidity and its real purpose is to act as a liquidity pool. The higher the USD valuation, the less XRP will be used, making it easier to complete transactions in seconds. Although RLUSD is backed at a 1:1 ratio with the US dollar, the liquidity issue remains unresolved, users said.