Member name: Hidden Road
Firm overview: Prime brokerage, clearing and financing
Role in derivatives markets: Hidden Road (operating under the name Ripple Prime) is a global non-bank prime broker registered with the CFTC as an FCM and an NFA member, and regulated as a broker-dealer by FINRA, in addition to holding regulatory licenses in the UK, Netherlands and BVI, among other jurisdictions. The company’s products include prime brokerage, clearing and financing across traditional and digital assets. Since its founding in 2018, Hidden Road has grown rapidly, clearing over $3 trillion annually and serving more than 300 institutional clients. In 2025, it was acquired by Ripple and now operates under the Ripple Prime name.
More information: https://hiddenroad.com/
The text in this Member Profile was provided by Hidden Road with the purpose of informing the industry about FIA’s membership and who we’re supporting with our work. Explore the full list of FIA’s members at FIA.org/our-members. For more information, please contact Myriam Condon at mcondon@fia.org.
