Ripple-Backed Hidden Road Expands to Abu Dhabi !!!
Is the UAE becoming the new global crypto hub????
Hidden Road, a crypto and traditional asset brokerage firm recently acquired by Ripple for $1.25 billion, is establishing a new office in Abu Dhabi.
The move comes after receiving in-principle approval from the Abu Dhabi Global Market FSRA.
Once final approval is secured, the firm will offer institutional clearing and prime brokerage services in the UAE, led by partner James Stickland.
Notably, members of the Abu Dhabi royal family may join the board of Hidden Road’s local arm.
This expansion aligns with Hidden Road’s global growth strategy, following its recent U.S. broker-dealer license approval from FINRA.
Ripple’s investment aims to scale non-bank prime brokerage services worldwide.