Hidden Road receives FINRA approval for broker-dealer licence
17 April 2025 US
Image: Pakin/stock.adobe.com
Hidden Road Partners has secured approval from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer.
This approval enables Hidden Road to expand its recently launched fixed income prime brokerage platform, which currently includes Fixed Income Repo & Global Funding services.
As a broker-dealer, the global credit network will now be able to provide new and existing institutional clients with a full suite of regulatory-compliant prime brokerage, clearing, and financing services in fixed income assets.
Noel Kimmel, president at Hidden Road, comments: “As a FINRA member, we will be able to bring our 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 execution and support to our clients amid today’s exceptionally dynamic market environment.”
On 8 April, Hidden Road entered into a definitive agreement to be acquired by Ripple, a provider of digital asset infrastructure for financial institutions, for US$1.25 billion.
With the backing of Ripple’s balance sheet, Hidden Road is looking to expand its capacity to service its pipeline and become one of the largest non-bank prime brokers globally.
The deal is expected to close in the coming months, subject to regulatory approvals.
This approval enables Hidden Road to expand its recently launched fixed income prime brokerage platform, which currently includes Fixed Income Repo & Global Funding services.
As a broker-dealer, the global credit network will now be able to provide new and existing institutional clients with a full suite of regulatory-compliant prime brokerage, clearing, and financing services in fixed income assets.
Noel Kimmel, president at Hidden Road, comments: “As a FINRA member, we will be able to bring our 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 execution and support to our clients amid today’s exceptionally dynamic market environment.”
On 8 April, Hidden Road entered into a definitive agreement to be acquired by Ripple, a provider of digital asset infrastructure for financial institutions, for US$1.25 billion.
With the backing of Ripple’s balance sheet, Hidden Road is looking to expand its capacity to service its pipeline and become one of the largest non-bank prime brokers globally.
The deal is expected to close in the coming months, subject to regulatory approvals.
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