Hidden Road, a digital asset and FX prime brokerage recently acquired by Ripple, has secured a U.S. broker-dealer license, expanding its services into traditional finance.
The license enables the firm to offer fixed-income brokerage, clearing, and financing, complementing its existing crypto and FX services. Now a member of the Fixed Income Clearing Corporation (FICC), Hidden Road plans to introduce fixed-income repurchase agreements and global funding solutions.
The move supports Ripple’s $1.25 billion acquisition strategy to bridge traditional and blockchain-based finance. As part of the integration, Ripple will use its RLUSD stablecoin for cross-asset collateral and tap the XRP Ledger to speed up trade settlements and lower operational costs.
Noel Kimmel, president of Hidden Road, described the firm’s newly secured U.S. broker-dealer license as a major milestone, enhancing its ability to serve institutional clients in traditional finance.
Analysts see the timing as strategic, with some suggesting Ripple is making calculated regulatory moves to expand its influence in both crypto and traditional markets.
Image Credit: Pixabay
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