Ripple eyes major roles for XRP, RLUSD, and XRPL following $1.25 billion Hidden Road acquisition

Ripple is set to acquire global prime brokerage platform Hidden Road for $1.25 billion. According to an April 8 statement, this acquisition makes Ripple the first crypto-native firm to own and operate a multi-asset prime broker with an established institutional network. Ripple noted that the deal will deepen its institutional service offerings and build a […]

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Crypto Prime Broker Hidden Road Partners Urges Clients to Liquidate FTX Positions

Cryptocurrency prime broker Hidden Road Partners is expected to complete the liquidation of its FTX.com holdings tonight, according to Bloomberg. (Read More)

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Hidden Road and Finery Markets Collaborate to Introduce Advanced OTC Liquidity Pool

Toenhance the institutional trading experience in the crypto space, FineryMarkets, a non-custodial crypto Electronic Communication Network andtrading infrastructure provider for institutional players, has officiallyentered into a partnership with Hidden Road Partners. This collaboration ismarked by the integration of Finery Markets' flagship solution, FM LiquidityMatch, into the operations of Hidden Road, a prime broker for crypto spottransactions.

InstitutionalShift: OTC Access in Crypto Trading

Theinstitutional participants have embraced the innovative FM Liquidity Match,which offers easy electronic access to robust institutional Over-The-Counter liquidity.

Thisensures a high-quality execution environment while safeguarding against toxicflow in crypto spot transactions. Hidden Road acts as a prime broker withinthis framework, overseeing efficient credit intermediation and post-tradesettlement for its clients engaging in crypto trades.

"Weare excited to announce that we have expanded our partnership with Hidden Road,a leading prime broker for digital assets. Through their role as a prime brokervia FM Liquidity Match, Hidden Road now offers their customers the first OTCtrading infrastructure that provides no last look execution for liquiditytakers, while also offering toxic flow protection for market makers, saidKonstantin Shulga, the Co-Founder and CEO of Finery Markets.

FMLiquidity Match Enhances Functionality

FMLiquidity Match presents a user-friendly interface, available through both aGraphical User Interface and Application Programming Interface, supportingprotocols such as FIX 4.4, REST, and WebSocket. The platform introducescutting-edge features that are poised to elevate the institutional tradingexperience to unprecedented levels.

Oneof the standout features of FM Liquidity Match is the provision for anonymoustrading within a firm liquidity pool, eliminating the concept of "lastlook" for liquidity takers and incorporating toxic flow protection formarket makers. This anonymity is coupled with a seamless electronic onboardingprocess, streamlining the experience for Hidden Road's clients. The platformfurther incorporates a role-based access system, ensuring secure and controlledparticipation.

Finery Markets has partnered with Hidden Road to launch an industry-first firm OTC liquidity pool with toxic flow protection. pic.twitter.com/iUg2Tpkfxu

Tofortify risk management, FM Liquidity Match integrates pre-trade riskmanagement controls with customizable risk limits, offering participants theflexibility to tailor their risk exposure according to their specificpreferences and strategies. Additionally, the platform supports flexiblepost-trade settlement options and adheres to travel-rule compliant reporting,meeting regulatory standards in the rapidly evolving crypto landscape.

HiddenRoad is committed to offering our clients a comprehensive range of tools, boththrough our own products and in collaboration with trusted partners. We arepleased to announce that Finery Markets' venue has joined our list of executionvenues, extending Hidden Road's credit network and OTC prime brokerageoffering."

"This partnership exemplifies our dedication to empowering clients toselect their preferred price discovery centers and liquidity solutions. Webelieve that Finery Markets unique offering is a valuable addition to ournetwork, Michael Higgins, the Global Head of Business Development at Hidden Road, said.

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