Hidden Road Partners CIV US LLC, a subsidiary of Hidden Road, has received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer. The announcement was made today (Thursday).

The development comes shortly after Hidden Road disclosed that it plans to be acquired by Ripple. On April 8, 2025, the company announced a definitive agreement for a $1.25 billion acquisition by Ripple, a provider of digital asset infrastructure for financial institutions.

Hidden Road Secures FINRA Approval

"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.

The FINRA approval allows Hidden Road to expand its fixed income prime brokerage platform, which currently includes Fixed Income Repo and Global Funding services. As a broker-dealer, Hidden Road can now offer prime brokerage, clearing, and financing services for fixed income assets. These services will be available to both new and existing institutional clients.

"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," Kimmel added.