Hidden Street Companions CIV US LLC, a subsidiary of Hidden Street, has obtained approval from the Monetary Trade Regulatory Authority (FINRA) to function as a broker-dealer. The announcement was made at present (Thursday).
The event comes shortly after Hidden Street 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 Street’s mounted revenue prime brokerage platform and bolsters our capabilities in conventional monetary markets,” mentioned Noel Kimmel, President at Hidden Street.
The FINRA approval permits Hidden Street to broaden its mounted revenue prime brokerage platform, which at the moment contains Fastened Revenue Repo and International Funding providers. As a broker-dealer, Hidden Street can now provide prime brokerage, clearing, and financing providers for mounted revenue property. These providers shall be obtainable to each new and current institutional purchasers.
“As a FINRA member, we will deliver our best-in-class, technology-driven mounted revenue service providing to an expanded universe of institutional purchasers. Our enterprise has great momentum, and we sit up for persevering with to supply superior execution and assist to our purchasers amidst at present’s exceptionally dynamic market setting,” Kimmel added.
