Hidden Road has received FINRA approval to operate as a broker-dealer

Hidden Road said on Thursday it had received approval from the US Financial Industry Regulatory Authority (FINRA) to operate as a US broker-dealer, strengthening its fixed income prime brokerage platform. The company plans to offer a wider range of services to institutional clients, including clearing, financing and prime brokerage of fixed income assets.
Ripple will acquire Hidden Road for $1.25 billion, and the deal is expected to close in the coming months, pending regulatory approval.