Core Insights - Hidden Road Partners, founded in 2018, is a global prime brokerage that provides credit, clearing, and access to both traditional and digital assets, catering to hedge funds, high-frequency trading firms, and institutional investors seeking regulated exposure to crypto markets [1][2] Company Overview - The company is led by Michael Higgins, who serves as the International CEO and Global Head of Corporate Development, and has rapidly expanded its presence in New York and London [2] - Backed by U.S. pension funds, Hidden Road is one of the few prime brokers that connects traditional finance with digital assets [2] Market Trends - Institutional interest in cryptocurrency and blockchain infrastructure is growing, with discussions highlighting the need to differentiate between the two sectors [3] - Demand for liquidity, credit access, and balance-sheet solutions from regulated prime brokers like Hidden Road has surged as various trading firms enter the crypto space [4] Strategic Developments - Hidden Road has recently entered into an acquisition agreement with Ripple, a blockchain payments company, which is seen as a strategic move to address supply-demand challenges in the market [5][6] - The partnership aims to create a "full capital market stack," combining Ripple's custody acquisitions and stablecoin offerings with Hidden Road's prime brokerage services [6]

Clear Street has tapped industry veteran Mark Daniels as its new head of platform sales in New York, a move that adds another heavyweight to the fast-growing U.S. prime broker’s senior bench.Daniels, who confirmed the appointment on social media, brings more than two decades of experience in prime brokerage and clearing. He most recently led prime clearing at Marex, the London-based commodities and financial markets group that has been broadening its clearing franchise since its 2024 Nasdaq listing.Before M ...