Algorithmic Ratings & Investment Analysis
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by aria-crypto.com
April 17, 2025 at 19:37
US Financial Landscape Transforms as Ripple Acquires Hidden Road with New Broker-Dealer License
Ripple's recent acquisition of Hidden Road, a prime brokerage firm, marks a significant milestone in the U.S. financial landscape.
Hidden Road has successfully obtained a U.S. broker-dealer license from the Financial Industry Regulatory Authority (FINRA).
This approval will allow Hidden Road to enhance its fixed income prime brokerage platform, offering a wider array of services to institutional clients.
The firm's president, Noel Kimmel, highlighted that this development strengthens their role in traditional financial markets.
Ripple's $1.25 billion acquisition of Hidden Road is pending regulatory approval, with expectations for closure in the coming months.
With Ripple’s backing, Hidden Road aims to become one of the largest non-bank prime brokers in the sector.
Moreover, the firm plans to transition its post-trade operations to the XRP Ledger (XRPL) network.
This strategic move is designed to lower operational costs and optimize settlement processes.
In summary, Ripple’s acquisition and Hidden Road's new broker-dealer status could reshape the interactions between cryptocurrency and traditional finance.
As this situation evolves, the implications for the broader financial ecosystem will be closely watched.
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