Hidden Road Partners CIV US LLC, a subsidiary of Hidden
Road, has received approval from the Financial Industry Regulatory Authority
(FINRA) to operate as a broker-dealer. The announcement was made today (Thursday).
The development comes shortly after Hidden Road disclosed
that it plans to be acquired by Ripple. On April 8, 2025, the company announced
a definitive agreement for a $1.25 billion acquisition by Ripple, a provider of
digital asset infrastructure for financial institutions.
Hidden Road Secures FINRA Approval
“Our broker-dealer registration is a significant step
in the development of Hidden Road’s fixed income prime brokerage platform and
bolsters our capabilities in traditional financial markets,” said Noel
Kimmel, President at Hidden Road.
The FINRA approval allows Hidden Road to expand its fixed
income prime brokerage platform, which currently includes Fixed Income Repo and
Global Funding services. As a broker-dealer, Hidden Road can now offer prime
brokerage, clearing, and financing services for fixed income assets. These
services will be available to both new and existing institutional clients.
“As a FINRA member, we will be able to bring our
best-in-class, technology-driven fixed income service offering to an expanded
universe of institutional clients. Our business has tremendous momentum, and we
look forward to continuing to provide superior execution and support to our
clients amidst today’s exceptionally dynamic market environment,” Kimmel
added.
While retail stares at charts, the real players are getting licensed.Hidden Road just secured FINRA approval for a broker-dealer license (April 17, 2025).Translation?Wall Street just handed them the keys to the front door.They’re not building this for fun.They’re building… pic.twitter.com/zxlT3Qd9aQ
— 589bull (@589bull10000) April 17, 2025
Hidden Road Launches Fixed-Income Brokerage Services
Meanwhile, Hidden
Road expanded its prime brokerage services with the launch of a fixed-income
platform, following its recent approval as a Fixed Income Clearing
Corporation (FICC) member. This platform includes Fixed-Income Repo and Global
Funding services.
The move is part of Hidden Road’s strategy to offer
multi-asset institutional financing solutions. The platform aims to enhance
liquidity and market access, with increasing institutional demand for
fixed-income solutions. Industry veteran Mike Santoro will lead the new
business, focusing on market stability and efficient transactions.
This article was written by Tareq Sikder at www.financemagnates.com.
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