Ripple-Owned Hidden Road Obtains FINRA License as Registered Broker-Dealer

Hidden Road secures FINRA license, expands into fixed-income clearing and financing. Ripple’s $1.25B acquisition advances institutional brokerage and XRPL integration plans. Hidden Road aims to become a top non-bank prime broker with $10B+ daily transaction volume. Hidden Road, recently acquired by Ripple, secured the Financial Industry Regulatory Authority. FINRA’s license to act as a registered broker-dealer . This allows the company to expand its services into traditional fixed-income markets. This expansion follows Ripple’s recent $1.25 billion acquisition of the firm, significantly boosting Hidden Road’s institutional services. On April 17th, Hidden Road confirmed the FINRA license lets it offer fixed-income repurchase agreements, financing, and clearing services to institutional clients. The prime brokerage and credit network already handles over $10 billion in daily transactions across more than 300 institutional accounts. What Does FINRA Approval Mean for Hidden Road Clients? This FINRA registration allows Hidden Road to provide compliant clearing and financing in fixed-income securities. According to investment bank Telos Capital Advisor… The post Ripple-Owned Hidden Road Obtains FINRA License as Registered Broker-Dealer appeared first on Coin Edition .

Source: Coin Edition