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Hidden Road, by registering as a FINRA broker-dealer, will be able to offer brokerage, clearing, and financing services across fixed-income assets to institutional investors, positioning itself as a full-service, non-bank brokerage across asset classes
Hidden Road, after its acquisition by Ripple, plans to use Ripple’s RLUSD stablecoin as collateral for its prime-brokerage products and migrate its post-trade operations to the XRP Ledger blockchain
Hidden Road, owned by Ripple, has secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), enabling it to expand its prime brokerage services for institutional investors
Hidden Road was acquired by Ripple in April 8, 2025 for $1.25 billion, which was the largest acquisition in Ripple’s history which will significantly expand Hidden Road’s capital base and capacity to become the largest non-bank prime broker globally

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Ripple's Hidden Road secures FINRA license

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