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Hidden Road, the digital assets prime broker that recently agreed to be acquired by Ripple, has officially launched its digital asset OTC (over-the-counter) crypto swaps prime brokerage services for institutional clients in the United States.
This new service allows US-based institutional clients to trade cash-settled OTC swaps across a wide range of major digital assets. This is significant because, according to Hidden Road’s Global CEO Michael Higgins, OTC swaps account for a substantial portion of global digital asset trading volume but have been largely unavailable to US institutions until now.
The offering is being provided through Hidden Road Partners CIV UK Ltd, the firm’s FCA-regulated entity, and includes cross-margining and digital asset financing capabilities. This move aims to fill a critical gap in the US digital asset market by providing institutional-grade solutions for crypto exposure through familiar financial mechanisms, without requiring the direct exchange of underlying cryptocurrencies.
The launch follows Ripple’s announcement in April of its $1.25 billion acquisition deal for Hidden Road, which is expected to close later this year, subject to regulatory approval. This acquisition positions Hidden Road to become a major non-bank prime broker globally, backed by Ripple’s resources.

Video courtesy of StockInvestorDaily

Video courtesy of StockInvestorDaily