Ripple is about to open an office in Abu Dhabi, attracting royal capital.

robot
Abstract generation in progress

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!

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)