Hidden Road continues growth with FCA registration 

Hidden Road, the global credit network for institutional investors, has announced that its UK entity has been granted registration as a digital asset firm in the UK by the FCA. 

The news enables Hidden Road to offer products in spot and derivatives of both FX and digital assets.

Michael Higgins, Global Head of Business Development for Hidden Road, said: “Our institutional client base has long sought like-minded partners who embrace regulatory infrastructure, and this latest approval further demonstrates our commitment to positively shaping the digital asset markets. 

“We are pleased that our UK digital asset operations will be overseen by a regulator as respected as the FCA, and we look forward to partnering with the authority to bring greater stability and institutional adoption to the asset class.”

Commenting on the announcement, Matthew Walsh, Founding Partner at Castle Island Ventures and Hidden Road Board Member, added: “Institutional investors are understandably asking many questions about digital assets. Among those questions are why there’s been so much doublespeak in this industry – ‘prime brokerage’ without credit intermediation, ‘unconflicted’ models that are in fact rife with conflict, firms who claimed to be ‘regulated’ yet were anything but. 

“We strongly believe Hidden Road delivers a much-needed institutional and regulated prime broker for the industry. Securing approval from the FCA is very much in keeping with Hidden Road’s ethos and precisely what counterparties are looking for as the digital asset market collectively works to regain investor trust.”