Hidden Road Receives FINRA Approval for Broker-Dealer License

License Enables Hidden Road to Expand Service Offering and Client Base
of Fixed Income Prime Brokerage Platform

NEW YORK, April 17, 2025 /PRNewswire/ -- Hidden Road, the global credit network for institutions, today announced that its wholly-owned subsidiary, Hidden Road Partners CIV US LLC, has secured approval from the Financial Industry Regulatory Authority ("FINRA") to operate as a FINRA-member 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, Hidden Road 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.

"Our broker-dealer registration is a significant step in the development of Hidden Road's fixed income prime brokerage platform and bolsters our capabilities in traditional financial markets," said Noel Kimmel, President at Hidden Road. "As a FINRA member, we will be able to bring our best-in-class, 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 superior execution and support to our clients amidst today's exceptionally dynamic market environment."

On April 8, 2025, Hidden Road announced that it has entered into a definitive agreement to be acquired by Ripple, a leading provider of digital asset infrastructure for financial institutions, for $1.25 billion. With the backing of Ripple's significant balance sheet, Hidden Road will exponentially 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.

About Hidden Road
Hidden Road Partners is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, we remove complexity and cost in prime brokerage, clearing and financing. For more information, please email [email protected].

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SOURCE Hidden Road Partners