Hidden Road Opens Office in Abu Dhabi and is Acquired by Ripple
Hidden Road, a cryptocurrency and traditional asset broker, has just announced plans to open a new office in Abu Dhabi. This move comes after the company secured a buyout agreement with Ripple valued at $1.25 billion. The office in Abu Dhabi will be led by partner James Stickland, following approval from the Global Market Financial Regulatory Authority of Abu Dhabi (FSRA).
Review and Expand Financial Services
After final approval, Hidden Road will provide clearing and prime brokerage services for institutional investors in the UAE. There are reports that a member of the Abu Dhabi royal family may join the company’s local board. Last month, Hidden Road was also approved by the U.S. Financial Industry Regulatory Authority (FINRA) as a licensed broker, expanding its prime brokerage platform for fixed income.
Ripple’s Expansion Strategy
Ripple plans to inject capital to promote the expansion of non-bank global prime brokerage services. This helps Ripple strengthen its position in the field of non-traditional finance, leveraging the combined power of blockchain technology and global financial services.
The information above is for market news only and should not be considered as investment advice.
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Ripple is about to open an office in Abu Dhabi, attracting royal capital.
Hidden Road Opens Office in Abu Dhabi and is Acquired by Ripple
Hidden Road, a cryptocurrency and traditional asset broker, has just announced plans to open a new office in Abu Dhabi. This move comes after the company secured a buyout agreement with Ripple valued at $1.25 billion. The office in Abu Dhabi will be led by partner James Stickland, following approval from the Global Market Financial Regulatory Authority of Abu Dhabi (FSRA).
Review and Expand Financial Services
After final approval, Hidden Road will provide clearing and prime brokerage services for institutional investors in the UAE. There are reports that a member of the Abu Dhabi royal family may join the company’s local board. Last month, Hidden Road was also approved by the U.S. Financial Industry Regulatory Authority (FINRA) as a licensed broker, expanding its prime brokerage platform for fixed income.
Ripple’s Expansion Strategy
Ripple plans to inject capital to promote the expansion of non-bank global prime brokerage services. This helps Ripple strengthen its position in the field of non-traditional finance, leveraging the combined power of blockchain technology and global financial services.
The information above is for market news only and should not be considered as investment advice.
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to always stay updated with the latest news about the cryptocurrency market and not miss any important information!