Ripple's acquisition of Hidden Road receives U.S. brokerage license

ChainCatcher news, according to Financefeeds, Ripple-supported prime brokerage platform Hidden Road has received a broker-dealer license issued by the Financial Industry Regulatory Authority (FINRA). This move comes just days after Ripple announced its acquisition of the company for $1.25 billion. The license grants Hidden Road Partners CIV US LLC the ability to provide a full suite of fixed income prime brokerage services to institutional clients, including compliance clearing, financing, and trade execution.