Ripple acquisition Hidden Road secures FINRA registration 📈
Prime brokerage Hidden Road, acquired by Ripple for $1.25 billion, has received a broker-dealer license from FINRA, enhancing its operations in fixed-income markets. The license allows Hidden Road to extend its services in traditional markets, offering regulatory-compliant clearing and financing.
Membership in FINRA demonstrates a commitment to compliance and boosts credibility in the investment world. Hidden Road clears over $10 billion daily for 300+ clients and initially focused on FX markets before expanding into digital assets.
Ripple's acquisition aligns with recent favorable U.S. regulations, SEC lawsuit dismissal, and secured money transmitter licenses, positioning Ripple for growth in financial markets.
Source: cointelegraph.com ↗
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