Hidden Road Obtains Approval from FINRA to Operate as a Broker-Dealer

Hidden Road announced on Thursday that it has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer, thereby enhancing its fixed income prime brokerage platform. The company plans to offer a broader range of services to institutional clients, including clearing, financing, and prime brokerage services for fixed income assets. In earlier news, Ripple is set to acquire Hidden Road for $1.25 billion, with the transaction expected to be completed in the coming months, pending regulatory approval.