Cryptocurrency and traditional asset brokerage firm Hidden Road is making significant strides with plans to establish a new office in Abu Dhabi. This strategic move comes hot on the heels of Ripple’s acquisition of Hidden Road for a whopping $1.25 billion. The Abu Dhabi office, spearheaded by partner James Stickland, has already secured preliminary approval from the Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA). Pending final approval, Hidden Road will soon be able to provide clearing and prime brokerage services to institutional investors in the UAE.
Unveiling Hidden Road’s Expansion in Abu Dhabi
Following Ripple’s acquisition, Hidden Road is gearing up to broaden its reach by setting up operations in Abu Dhabi. Led by James Stickland, the new office is poised to cater to institutional investors in the UAE, offering essential services like clearing and prime brokerage.
The Path to Establishing the Abu Dhabi Office
With the recent acquisition deal with Ripple, Hidden Road is on track to solidify its presence in Abu Dhabi. Partner James Stickland will be at the helm of this expansion, awaiting final approval from the Abu Dhabi Global Market Financial Services Regulatory Authority.
Future Prospects for Hidden Road in Abu Dhabi
Once the Abu Dhabi office receives the green light, Hidden Road can kickstart its operations, providing vital services to institutional investors in the UAE. This move signifies a major step towards bolstering the firm’s foothold in the region.
🔍 Crypto Brokerage, Ripple Acquisition, and Abu Dhabi Expansion: What Lies Ahead?
As Hidden Road gears up to establish its Abu Dhabi office post the Ripple acquisition, the crypto community eagerly anticipates the firm’s next moves. Stay tuned as Hidden Road navigates through regulatory processes to usher in a new era of services in the UAE.
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