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Reading: Following Ripple’s acquisition, Hidden Road secures FINRA approval as Broker-Dealer
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Following Ripple’s acquisition, Hidden Road secures FINRA approval as Broker-Dealer

April 20, 2025 2 Min Read
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Following Ripple's acquisition, Hidden Road secures FINRA approval as Broker-Dealer

Hidden Highway Companions Civ Us LLC is a subsidiary of Hidden Highway and operates as a broker-dealer by the Monetary Trade Regulatory Authority (FINRA). The announcement was made at present (Thursday).

The event comes shortly after it revealed that the hidden street is because of be acquired by Ripple. On April 8, 2025, the corporate introduced the decisive settlement for the $1.25 billion acquisition by Ripple, a supplier of digital asset infrastructure for monetary establishments.

“Our broker-dealer registration is a key step within the improvement of Hidden Highway’s bond prime brokerage platform and strengthens our capabilities in conventional monetary markets,” stated Noel Kimmel, president of Hidden Highway.

With FINRA’s approval, Hidden Highway can broaden its bond prime securities platform. This at present contains bond reporting and world funding providers. As a broker-dealer, Hidden Highway is now in a position to present prime brokerage, clearance and funding providers to bond belongings. These providers can be found to each new and current institutional purchasers.

“As a member of FINRA, we’re in a position to present best-in-class technology-driven bond service choices to the expanded universe of institutional clients. Our enterprise has nice momentum and we stay up for persevering with to offer wonderful execution and assist to our purchasers in at present’s extremely dynamic market setting,” Kimmel added.

See also  Lighter announces multi-asset margin starting with ETH
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Reading: Following Ripple’s acquisition, Hidden Road secures FINRA approval as Broker-Dealer
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