Hidden Road Inc

Based in London, UK, and founded in 2018 by Marc Asch, Hidden Road Inc. , operates as a provider of over-the-counter (OTC) prime brokerage services for digital assets supporting exchange-traded products. In April 2025, Ripple Labs Inc. , a portfolio company of Lightspeed Venture Partners, RRE Ventures, Founders Fund, IDG Capital, GV, Andreessen Horowitz, Hinge Capital, Vast Ventures, Core Innovation Capital, ChinaRock Capital Management, Accenture Technology Ventures, AME Cloud Ventures, Digital Currency Group, Route 66 Ventures, Camp One Ventures, Mouro Capital, China Growth Capital, Avant Global, Tokentus Investment, CME Group Inc.

, CRCM Ventures, Seagate Technology LLC, Wicklow Capital, SBI Holdings, SCB10X, Standard Chartered Bank, and Tetragon Financial Group, agreed to acquire Hidden Road Inc from Castle Island Management, Citadel Securities Americas LLC, Coinbase Ventures, Corner Capital Management, FTX Ventures, Greycroft Partners, Humla Ventures, Profluent Trading, LLC, SLN Capital, Uncorrelated Ventures, and Wintermute Trading Ltd for USD 1. 25 billion in cash, stock, and tokens. The deal was completed in October 2025, and Hidden Road Inc will be rebranded as Ripple Prime. The company offers a digital platform that provides various financial services, including prime brokerage of FX and precious metals, digital assets (exchanges and OTC), derivatives clearing (futures and options), sponsored access and direct market access, derivatives margin financing and digital asset margin financing solutions.

The company uses a governance structure and proprietary technology infrastructure to reduce credit risk, settlement risk, and operational risk. Global liquidity providers like AlphaLab, DV Chain, Enigma Securities, Flow Traders, Da Vinci Derivatives, and many more are listed on the platform.