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Ripple Enters Broker-Dealer Arena as Hidden Road Gains FINRA Authorization

Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets.

Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. Its subsidiary, Hidden Road Partners CIV US LLC, received authorization from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer.

This new designation allows the firm to enhance its capabilities in fixed income prime brokerage. “This approval enables Hidden Road to expand its recently launched fixed income prime brokerage platform, which currently includes Fixed Income Repo & Global Funding services,” the company stated, adding:

Ripple Enters Broker-Dealer Arena as Hidden Road Gains FINRA Authorization

Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets.

Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. Its subsidiary, Hidden Road Partners CIV US LLC, received authorization from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer.

This new designation allows the firm to enhance its capabilities in fixed income prime brokerage. “This approval enables Hidden Road to expand its recently launched fixed income prime brokerage platform, which currently includes Fixed Income Repo & Global Funding services,” the company stated, adding:

https://news.bitcoin.com/ripple-enters-broker-dealer-arena-as-hidden-road-gains-finra-authorization/