Hidden Road Partners

The main activity of Hidden Road Partners is technological prime brokerage, clearing, and financing, aimed at an institutional clientele. The company positions itself as a global credit network for institutions, offering services for both traditional assets (currencies, precious metals, derivatives) and digital assets (cryptocurrencies, digital asset derivatives).

The main products and services offered are:

• Prime Brokerage: access to FX markets (currencies), precious metals, digital assets (exchanges & OTC), and synthetic/OTC swaps (FX, equities, commodities, energy, rates, digital assets).
• Clearing: clearing of derivative products (futures & options), sponsored access, and direct market access.
• Financing: margin financing on derivatives and digital assets.

The target market of Hidden Road Partners consists of financial institutions, such as investment funds, hedge funds, asset managers, trading firms, and other institutional players seeking advanced solutions for risk management, market access, and financing, both in traditional and digital markets.

The company emphasizes a conflict-free approach, a unified and quantitative platform for real-time risk management, and proprietary technological infrastructure that provides greater stability and scalability compared to traditional sector players.

History and Key Milestones of Hidden Road Partners

Hidden Road Partners is a company specializing in prime brokerage, clearing, and financing for institutions, covering both traditional and digital assets. Its approach is based on a unified technology platform focused on real-time risk management and minimizing counterparty and credit risks.

Key Development Milestones:

• Founding: Hidden Road Partners was founded with the mission to become the leading global credit network for institutions, positioning itself as a neutral player with no conflicts of interest with its clients or partners.
• Products and Services: The company offers prime brokerage services for Forex, precious metals, digital assets (exchanges and OTC), as well as synthetic swaps via its Route28 platform. It also provides clearing services (derivatives, direct market access) and financing (margin on derivatives and digital assets).
• Strategic Partnerships: Hidden Road has formed partnerships with major industry players, such as a strategic integration with ABEX for institutional execution of digital assets (September 2025).
• Major Launches:
  • May 2025: Launch of prime brokerage for digital asset swaps for the US market.
  • July 2025: Launch of support for OTC options in prime brokerage.
• Acquisition: In 2026, Hidden Road became a subsidiary of Ripple, further strengthening its position in the global institutional financial services market.
• International Presence: The company has offices in New York, Palo Alto, Chicago, London, Amsterdam, Singapore, and São Paulo, enabling it to serve a global institutional client base.
• Strategic Changes: Hidden Road has relied on proprietary technology and strong governance to offer a scalable and stable alternative to traditional prime brokerage services, while focusing on neutrality and transparency towards its clients.

Today, Hidden Road Partners stands out as an innovative and essential player in providing credit, clearing, and financing services for institutions operating in both traditional and digital financial markets.

Hidden Road Partners was founded by Marc Asch (original founder and CEO). The current management team notably includes:

• Michael Higgins – International CEO
• Mahesh A – Chief Information Security Officer and Data Officer
• Nicola Barrett – Chief Compliance Officer and Money Laundering Reporting Officer, UK
• Sean Bowen – Partner, Product

Hidden Road Partners is a prime brokerage and financial services company, recently integrated with Ripple, specializing in traditional and digital assets.