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Ripple-Backed Hidden Road Unveils Crypto OTC Swaps Platform For US Institutions

  • Ripple's acquired prime brokerage platform, Hidden Road, has launched a crypto over-the-counter (OTC) service for U.S. institutions.
  • Hidden Road will offer U.S. institutional clients the ability to settle OTC swaps across major cryptocurrencies with cash.
  • The move aims to provide U.S. institutions access to a wider range of products and solutions, which were previously unavailable.
  • Ripple's acquisition of Hidden Road for $1.5 billion is part of its strategic plan to expand institutional flows into the XRP Ledger and enhance liquidity management.

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