Hidden Road从FINRA获得了美国经纪交易商注册，扩大了其固定收入的主要经纪服务

授予隐藏道路合作伙伴CIV US LLC的许可证授权该公司向传统固定收益市场的机构客户提供合规，融资和交易服务。

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).

据报道，该部门将由Ripple收购的主要经纪公司Hidden Road部门已从金融行业监管局（FINRA）获得经纪交易商注册。

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.

授予隐藏道路合作伙伴CIV US LLC的许可将允许该公司为跨传统固定收益市场的机构客户提供合规清算，融资和交易服务。

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.

这一发展是在本月早些时候宣布的区块链基础设施公司Ripple预计完成12.5亿美元收购的预期收购之前。该交易目前正在接受监管审查，如果获得批准，将是Ripple历史上最大的。

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，隐藏的道路现在可以加深其在美国固定收入市场中的参与度。批准将使公司能够将其服务产品扩​​展到寻求受监管的债券和其他债务工具服务的机构客户。

“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.”

“该许可证是我们固定收入总经理平台开发的关键里程碑，” Hidden Road总裁Noel Kimmel说。 “这也有助于进一步加强我们在传统金融市场上的运营足迹。”

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成立于2018年，最初关注外汇，因此已成为数字和传统资产类别。随着对可靠数字资产主要服务的机构需求的增加，该公司在FTX崩溃后引起了进一步的关注。

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的新监管状况是扩大其能力并满足机构客户不断发展的需求的重要一步。

Ripple Acquisition Spurs Further Expansion

涟漪获取马刺进一步扩展

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批准的时机与Ripple宣布获得隐藏道路的同意紧密相吻合，该公路首次由Blockworks报道，后来又得到了几家媒体的确认。

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.

待定协议于4月8日宣布，Ripple将获得一个多资产，非银行主要经纪平台，这是其将区块链技术整合到华尔街基础设施中的更广泛战略的一部分。

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目前每天为300多家机构客户清除超过100亿美元的交易。它为对冲基金，资产经理和其他金融机构提供了一系列主要经纪服务，包括清算，融资，贷款和研究。

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.

如果收购已完成，则隐藏的道路将成为第一个经营全尺寸，多资产总经理的加密本地组织，提供了数字和传统财务能力的独特结合。

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.

尽管有待得的收购，但隐藏的道路表明它将继续独立扩展其服务。该公司计划扩大资产类别的扩展，并加强其固定收益能力，无论是否立即完成。

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.

作为收购后路线图的一部分，隐藏的道路计划将其交易后运营迁移到XRP Ledger（XRPL）。目的是简化结算流程，降低运营成本，并将区块链效率引入机构清算基础设施中。

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的迁移与Ripple更广泛的加密技术融入传统金融的策略相一致。根据Ripple CTO David Schwartz的说法，即将进行的集成是XRPL网络的关键时刻。

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首席执行官布拉德·加林豪斯（Brad Garlinghouse）设想，在Ripple的基础设施的支持下，隐藏的道路最终可能成为“世界上最大的非银行总经理”。

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.

预计迁移过程将遵循收购协议的监管清算。在此之前，隐藏的道路将继续在现有的监管标准内运行，同时为基于区块链的定居点做准备。