Hidden Highway Companions CIV US LLC, a subsidiary of Hidden Highway, has obtained approval from the Monetary Trade Regulatory Authority (FINRA) to function as a broker-dealer. The announcement was made at the moment (Thursday).
The event comes shortly after Hidden Highway disclosed that it plans to be acquired by Ripple. On April 8, 2025, the corporate introduced a definitive settlement for a $1.25 billion acquisition by Ripple, a supplier of digital asset infrastructure for monetary establishments.
“Our broker-dealer registration is a major step within the improvement of Hidden Highway’s mounted revenue prime brokerage platform and bolsters our capabilities in conventional monetary markets,” stated Noel Kimmel, President at Hidden Highway.
The FINRA approval permits Hidden Highway to increase its mounted revenue prime brokerage platform, which presently contains Fastened Revenue Repo and World Funding companies. As a broker-dealer, Hidden Highway can now supply prime brokerage, clearing, and financing companies for mounted revenue belongings. These companies might be accessible to each new and current institutional shoppers.
“As a FINRA member, we can deliver our best-in-class, technology-driven mounted revenue service providing to an expanded universe of institutional shoppers. Our enterprise has large momentum, and we stay up for persevering with to supply superior execution and help to our shoppers amidst at the moment’s exceptionally dynamic market atmosphere,” Kimmel added.
