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

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Apr 17, 2025 - 12:00am

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Prime brokerage Hidden Road, which was recently acquired by Ripple for $1.25 billion, has secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA) — a move that enhances its capacity in the fixed-income markets

Hidden Road received a license to operate as a broker-dealer, part of the firm’s expansion of its prime-brokerage business to reach more institutional investors. The company, which last week announced its acquisition by digital-asset firm Ripple, got the approval from the Financial Industry Regulatory Authority, according to Hidden Road President Noel Kimmel.

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Week 16 of 2025