Hidden Road is expanding its execution engine to allow users to trade across multiple digital asset venues. The prime broker, recently acquired by Ripple, and ABEX, a provider of execution algorithms for institutional trading, have announced a new partnership.
The agreement reportedly enables global clients to access agency
execution capabilities for digital assets through the existing prime
brokerage and custody setups of the two firms.
Bringing Algorithms to Prime Brokerage
The integration now allows Hidden Road clients to use
ABEX’s execution engine to trade across digital asset venues. The algorithms
are designed to improve trading precision, reduce costs, and enhance
transparency in fragmented markets.
Digital assets meet tradfi in London at the fmls25
Commenting about the move, Michael Higgins,
International CEO at Hidden Road, said: “ABEX shares our commitment to bringing
a level of precision, transparency, and execution quality to digital assets
that is commensurate with that which exists in traditional markets.”
“We’re pleased to support the distribution of ABEX
algorithms to our global client base as we seek to offer institutions access to
sophisticated tools that enhance their trading experience and deliver
measurable business value.”
The collaboration combines ABEX’s execution technology
with Hidden Road’s brokerage infrastructure, expanding institutional access to
advanced trading tools in crypto markets.
ABEX CEO and Co-Founder Erkan Kaya added that the
partnership aligns with growing demand for more efficient trading structures. “This
relationship allows clients to benefit from our execution engine while
maintaining their existing prime brokerage and custody workflows,”
Ripple acquired prime broker Hidden Road in April for
$1.25 billion, one of the largest deals in the digital assets sector. The
purchase made the payments-focused blockchain firm the first cryptocurrency
company to own and operate a global, multi-asset prime broker.
Read more: “Hidden Road Has 20x More Balance Sheet Demand Than Supply; the Ripple Deal Solves This”
Hidden Road offers clearing, prime brokerage, and
financing services across foreign exchange, digital assets, derivatives, swaps,
and fixed income.
Expanding Offerings
Additionally, Hidden Road most recently broadened its
prime brokerage services by introducing over-the-counter (OTC) options on digital assets. This feature enables institutional clients to execute
OTC options while applying cross-margining alongside their existing
cryptocurrency holdings.
The launch is reportedly being rolled out in
partnership with QCP and BlockTech, which will act as initial liquidity
providers. The two platforms will support access to structured and derivatives
products, giving institutions more flexibility in managing and expanding their
digital asset strategies.
More about Hidden Road:
Hidden Road is expanding its execution engine to allow users to trade across multiple digital asset venues. The prime broker, recently acquired by Ripple, and ABEX, a provider of execution algorithms for institutional trading, have announced a new partnership.
The agreement reportedly enables global clients to access agency
execution capabilities for digital assets through the existing prime
brokerage and custody setups of the two firms.
Bringing Algorithms to Prime Brokerage
The integration now allows Hidden Road clients to use
ABEX’s execution engine to trade across digital asset venues. The algorithms
are designed to improve trading precision, reduce costs, and enhance
transparency in fragmented markets.
Digital assets meet tradfi in London at the fmls25
Commenting about the move, Michael Higgins,
International CEO at Hidden Road, said: “ABEX shares our commitment to bringing
a level of precision, transparency, and execution quality to digital assets
that is commensurate with that which exists in traditional markets.”
“We’re pleased to support the distribution of ABEX
algorithms to our global client base as we seek to offer institutions access to
sophisticated tools that enhance their trading experience and deliver
measurable business value.”
The collaboration combines ABEX’s execution technology
with Hidden Road’s brokerage infrastructure, expanding institutional access to
advanced trading tools in crypto markets.
ABEX CEO and Co-Founder Erkan Kaya added that the
partnership aligns with growing demand for more efficient trading structures. “This
relationship allows clients to benefit from our execution engine while
maintaining their existing prime brokerage and custody workflows,”
Ripple acquired prime broker Hidden Road in April for
$1.25 billion, one of the largest deals in the digital assets sector. The
purchase made the payments-focused blockchain firm the first cryptocurrency
company to own and operate a global, multi-asset prime broker.
Read more: “Hidden Road Has 20x More Balance Sheet Demand Than Supply; the Ripple Deal Solves This”
Hidden Road offers clearing, prime brokerage, and
financing services across foreign exchange, digital assets, derivatives, swaps,
and fixed income.
Expanding Offerings
Additionally, Hidden Road most recently broadened its
prime brokerage services by introducing over-the-counter (OTC) options on digital assets. This feature enables institutional clients to execute
OTC options while applying cross-margining alongside their existing
cryptocurrency holdings.
The launch is reportedly being rolled out in
partnership with QCP and BlockTech, which will act as initial liquidity
providers. The two platforms will support access to structured and derivatives
products, giving institutions more flexibility in managing and expanding their
digital asset strategies.
More about Hidden Road:
