The Approval of "Hidden Road" Owned by Ripple by FINRA: What Does It Mean for the Future of XRP?
Ripple, which recently acquired Hidden Road, has received a broker-dealer license from the Financial Industry Regulatory Authority (FINRA). This represents a significant achievement in expanding primary brokerage services for institutional investors.
Market observers see this as a deliberate strategic step by Ripple to build infrastructure and position itself for future growth. However, traders expect the value of XRP to rise later.
Ripple Expands Its Institutional Presence with FINRA License from Hidden Road
According to the latest press release, approval has been granted to Hidden Road Partners CIV US LLC. The license now allows the company to offer a broader range of services compliant with regulations, including clearing, financing, and prime brokerage for fixed-income assets for institutions.
Noel Kimmel, CEO of Hidden Road, emphasized that the license was a pivotal development for the company. According to him, it enhances Hidden Road's ability to operate in traditional financial markets (TradFi).$XRP
