Hidden Road UAE Approval: Crypto Firm Regulated
- the approval allows Hidden Road too expand its services in the Middle East, offering institutional investors access to regulated digital asset products.
- Hidden Road Partners CIV (AD) has received in-principle approval from Abu Dhabi Global Market's Financial Services regulatory Authority (FSRA), positioning the crypto prime broker to operate as a...
- The approval allows Hidden Road to offer clearing and prime brokerage services for both conventional and digital assets to institutional investors in the UAE, pending full authorization.
Hidden Road secures initial regulatory approval in the UAE, paving the way for crypto prime brokerage services. Following its acquisition by Ripple, the firm can now offer clearing and prime brokerage to institutional investors via Abu Dhabi Global Market’s FSRA. This move marks a notable milestone, allowing Hidden Road to expand its services in the Middle East. News Directory 3 offers in-depth coverage of the changing crypto landscape. Discover what’s next for this expanding venture.
Updated May 25, 2025
Hidden Road Partners CIV (AD) has received in-principle approval from Abu Dhabi Global Market’s Financial Services regulatory Authority (FSRA), positioning the crypto prime broker to operate as a regulated financial services provider in the United Arab emirates. The company was acquired by Ripple in April.
The approval allows Hidden Road to offer clearing and prime brokerage services for both conventional and digital assets to institutional investors in the UAE, pending full authorization. James Stickland, UAE CEO of Hidden Road, called the ADGM approval a “critically important milestone,” citing the jurisdiction’s high regulatory standards.
Ripple’s acquisition of Hidden Road, valued at $1.25 billion, included cash, XRP tokens, and equity.The deal is expected to close soon. Hidden Road clears $3 trillion annually across various markets and serves over 300 institutional clients.
“receiving our IPA from ADGM marks a significant milestone for our business,” James Stickland,UAE CEO,Hidden Road said.
Prior to this UAE approval,Hidden Road received FINRA authorization to operate as a broker-dealer in the U.S.
What’s next
Hidden Road will continue working toward full regulatory approval in the UAE, allowing it to fully launch its services to institutional clients.