{"id":127418,"date":"2025-04-17T22:15:27","date_gmt":"2025-04-17T22:15:27","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127418"},"modified":"2025-04-17T22:15:27","modified_gmt":"2025-04-17T22:15:27","slug":"ripple-acquisition-hidden-road-secures-finra-registration","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127418","title":{"rendered":"Ripple acquisition Hidden Road secures FINRA registration"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsPrime brokerage Hidden Road, which was recently acquired by Ripple for $1.25 billion, has secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA) \u2014 a move that enhances its capacity in the fixed-income markets.\u00a0<br \/>\nAs a FINRA broker-dealer, Hidden Road can further develop its fixed-income prime brokerage services and extend its capabilities in traditional markets, the company announced on April 17. This includes offering institutional clients regulatory-compliant clearing and financing services across fixed-income securities.\u00a0<br \/>\nMembership in FINRA is considered a significant commitment to compliance and investor protection. It also boosts registrants\u2019 credibility in the eyes of investment bankers, according to Telos Capital Advisors, a Dallas-based investment bank.\u00a0\u00a0<br \/>\nHidden Road operates a prime brokerage and credit network, clearing more than $10 billion in daily transactions on behalf of more than 300 institutional clients. When it was founded in 2018, Hidden Road focused mainly on foreign exchange markets before expanding into digital assets.<br \/>\nThese strengths positioned Hidden Road as an attractive acquisition for blockchain payments network Ripple, which ultimately purchased the company on April 8.<br \/>\nRipple\u2019s chief technology officer, David Schwartz, described the acquisition as a \u201cdefining moment for the XRP Ledger\u201d by expanding the settlement layer\u2019s use cases across traditional financial markets.\u00a0<br \/>\nUnder Ripple, Hidden Road will \u201cexponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally,\u201d said CEO Brad Garlinghouse.\u00a0<br \/>\nGarlinghouse comments on the Hidden Road acquisition on April 8. Source: Brad GarlinghouseRelated: US to get its first XRP-based ETF, launching on NYSE Arca<br \/>\nPositive regulatory backdrop supports Ripple expansion<br \/>\nRipple\u2019s acquisition of Hidden Road comes on the heels of a favorable regulatory backdrop in the United States following the election of President Donald Trump.\u00a0<br \/>\nIn January, Ripple secured money transmitter licenses in both Texas and New York, allowing the company to facilitate capital transfers within those states.\u00a0<br \/>\nTwo months later, the Securities and Exchange Commission (SEC) dropped its lawsuit against Ripple, ending one of crypto\u2019s longest legal battles and positioning the company to once again focus on expansion.\u00a0<br \/>\nAt the time, crypto lawyer John Deaton said the decision is the \u201cfinal exclamation point that [XRP tokens] are considered digital commodities, not securities.\u201d<br \/>\nThe SEC is about to get a pro-crypto Chair after Paul Atkins\u2019 nomination was approved by the US Senate on April 9. Once he\u2019s sworn in, Atkins will take the reins from Mark Yueda, who has served as Acting Chair since Jan. 20.<br \/>\nRelated: Court grants 60-day pause of SEC, Ripple appeals case<a href=\"https:\/\/cointelegraph.com\/news\/ripple-acquisition-hidden-road-secures-finra-registration?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsPrime brokerage Hidden Road, which was recently acquired by Ripple for $1.25 billion, has secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA) \u2014 a move&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127418"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127418"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127418\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127418"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}