Hidden Road從FINRA獲得了美國經紀交易商註冊，擴大了其固定收入的主要經紀服務

授予隱藏道路合作夥伴CIV US LLC的許可證授權該公司向傳統固定收益市場的機構客戶提供合規，融資和交易服務。

The U.S. division of Hidden Road, the prime brokerage firm set to be acquired by Ripple, has reportedly obtained broker-dealer registration from the Financial Industry Regulatory Authority (FINRA).

據報導，該部門將由Ripple收購的主要經紀公司Hidden Road部門已從金融行業監管局（FINRA）獲得經紀交易商註冊。

The license, granted to Hidden Road Partners CIV US LLC, will allow the firm to offer compliant clearing, financing, and trading services to institutional clients across traditional fixed-income markets.

授予隱藏道路合作夥伴CIV US LLC的許可將允許該公司為跨傳統固定收益市場的機構客戶提供合規清算，融資和交易服務。

This development comes ahead of the expected completion of a $1.25 billion acquisition by blockchain infrastructure company Ripple, announced earlier this month. The deal is currently undergoing regulatory review and, if approved, would be the largest in Ripple’s history.

這一發展是在本月早些時候宣布的區塊鏈基礎設施公司Ripple預計完成12.5億美元收購的預期收購之前。該交易目前正在接受監管審查，如果獲得批准，將是Ripple歷史上最大的。

With the new status, Hidden Road can now deepen its engagement in U.S. fixed-income markets. The approval will enable the firm to expand its service offerings to institutional clients seeking regulated brokerage services for bonds and other debt instruments.

有了新的地位，隱藏的道路現在可以加深其在美國固定收入市場中的參與度。批准將使公司能夠將其服務產品擴​​展到尋求受監管的債券和其他債務工具服務的機構客戶。

“This license is a key milestone in the development of our fixed-income prime brokerage platform,” said Noel Kimmel, Hidden Road’s president. “It also serves to further strengthen our operational footprint in traditional financial markets.”

“該許可證是我們固定收入總經理平台開發的關鍵里程碑，” Hidden Road總裁Noel Kimmel說。 “這也有助於進一步加強我們在傳統金融市場上的運營足跡。”

Founded in 2018 with an initial focus on foreign exchange, Hidden Road has since diversified into digital and traditional asset classes. The firm drew further attention after the collapse of FTX in 2022, as institutional demand for reliable digital asset prime services increased.

Hidden Road成立於2018年，最初關注外匯，因此已成為數字和傳統資產類別。隨著對可靠數字資產主要服務的機構需求的增加，該公司在FTX崩潰後引起了進一步的關注。

Hidden Road’s new regulatory status is a significant step in expanding its capabilities and catering to the evolving needs of institutional clients.

Hidden Road的新監管狀況是擴大其能力並滿足機構客戶不斷發展的需求的重要一步。

Ripple Acquisition Spurs Further Expansion

漣漪獲取馬刺進一步擴展

The timing of the FINRA approval aligns closely with Ripple’s announcement of its agreement to acquire Hidden Road, which was first reported by Blockworks and later confirmed by several media outlets.

FINRA批准的時機與Ripple宣布獲得隱藏道路的同意緊密相吻合，該公路首次由Blockworks報導，後來又得到了幾家媒體的確認。

Announced on April 8, the pending deal would see Ripple acquire a multi-asset, non-bank prime brokerage platform as part of its broader strategy to integrate blockchain technology into Wall Street infrastructure.

待定協議於4月8日宣布，Ripple將獲得一個多資產，非銀行主要經紀平台，這是其將區塊鏈技術整合到華爾街基礎設施中的更廣泛戰略的一部分。

Hidden Road currently clears over $10 billion in transactions daily for more than 300 institutional clients. It provides a range of prime brokerage services, including clearing, financing, lending, and research to hedge funds, asset managers, and other financial institutions.

Hidden Road目前每天為300多家機構客戶清除超過100億美元的交易。它為對沖基金，資產經理和其他金融機構提供了一系列主要經紀服務，包括清算，融資，貸款和研究。

If the acquisition is finalized, Hidden Road would become the first crypto-native organization to run a full-scale, multi-asset prime brokerage, offering a unique combination of digital and traditional financial capabilities.

如果收購已完成，則隱藏的道路將成為第一個經營全尺寸，多資產總經理的加密本地組織，提供了數字和傳統財務能力的獨特結合。

Despite the pending acquisition, Hidden Road has indicated that it will continue scaling its services independently. The firm plans to expand across asset classes and strengthen its fixed-income capabilities, with or without the deal’s immediate closure.

儘管有待得的收購，但隱藏的道路表明它將繼續獨立擴展其服務。該公司計劃擴大資產類別的擴展，並加強其固定收益能力，無論是否立即完成。

As part of its post-acquisition roadmap, Hidden Road plans to migrate its post-trade operations to the XRP Ledger (XRPL). The goal is to streamline settlement processes, reduce operational costs, and introduce blockchain efficiencies into institutional clearing infrastructure.

作為收購後路線圖的一部分，隱藏的道路計劃將其交易後運營遷移到XRP Ledger（XRPL）。目的是簡化結算流程，降低運營成本，並將區塊鏈效率引入機構清算基礎設施中。

The migration of settlement functions to XRPL aligns with Ripple’s broader strategy of embedding crypto technology into traditional finance. According to Ripple CTO David Schwartz, the upcoming integration is a pivotal moment for the XRPL network.

定居功能向XRPL的遷移與Ripple更廣泛的加密技術融入傳統金融的策略相一致。根據Ripple CTO David Schwartz的說法，即將進行的集成是XRPL網絡的關鍵時刻。

Moreover, Ripple CEO Brad Garlinghouse has envisioned that Hidden Road, supported by Ripple’s infrastructure, could eventually become "the world's largest non-bank prime broker."

此外，Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）設想，在Ripple的基礎設施的支持下，隱藏的道路最終可能成為“世界上最大的非銀行總經理”。

The migration process is expected to follow the regulatory clearance of the acquisition deal. Until then, Hidden Road will continue to operate within existing regulatory standards while preparing its systems for blockchain-based settlement.

預計遷移過程將遵循收購協議的監管清算。在此之前，隱藏的道路將繼續在現有的監管標準內運行，同時為基於區塊鏈的定居點做準備。