Hidden Road, now backed by Ripple, has entered the U.S. market with a new digital asset product. The prime broker launched cryptocurrency swaps designed for institutional investors. This move marks a major step forward in bringing more advanced trading tools to the U.S. crypto sector.
The swaps will be cash-settled and cover a wide range of digital assets. U.S. institutional clients now have access to these OTC products, long available in other regions. Hidden Road runs this service through its UK-based and FCA-regulated entity.
The launch also adds cross-margining and financing options for clients handling digital assets. This development reflects a rising demand in the U.S. for more sophisticated crypto instruments. Institutional investors have grown more active and are seeking new ways to manage digital exposure.
Ripple Backs Hidden Road Expansion
Until now, many U.S. firms lacked access to the kinds of swap products common in global markets. Hidden Road’s entry changes that landscape. Ripple, which announced its plan to acquire Hidden Road for $1.25 billion, has supported this move.
The acquisition, still subject to regulatory approval, is expected to close in the coming months. Ripple brings financial strength and a broad network, which will help Hidden Road scale up quickly. With Ripple’s support, Hidden Road aims to become one of the biggest non-bank prime brokers in the world.
The focus will remain on both digital and traditional assets. The team plans to use its technology to simplify access and reduce costs for institutions. The launch also helps Ripple expand its footprint in the prime brokerage space. By integrating Hidden Road’s solutions, Ripple enhances its digital asset infrastructure offerings.
Institutions Drive the Next Crypto Wave
This step could make Ripple more influential in institutional finance. The timing of the launch fits the market’s needs. As crypto trading volumes recover and regulation becomes clearer, more institutions are entering the space. Hidden Road’s new offering meets that shift head-on.
By targeting institutional clients and offering complex tools with strong backing, Hidden Road signals that digital markets are maturing. The firm expects strong demand from asset managers, hedge funds, and other institutional players.
This launch may push other brokers to upgrade their offerings. The U.S. digital asset market, once cautious, now looks ready for broader adoption of advanced trading products. Hidden Road has taken the lead.
