Hidden Road and Zodia team up for prime brokerage with off-exchange settlement in Crypto

Rick Steves

“A sound regulatory framework is what institutions need most when it comes to trading digital assets, and bringing together our two FCA-regulated offerings will support the maturation of market structure in digital assets. Hidden Road’s collaboration with Zodia Custody adds value to our credit network, as we share a focus on security, compliance and risk management.”

Digital asset custodian Zodia Custody has partnered with credit network Hidden Road to allow institutional clients to access both prime brokerage and custody services from a single, secure provider via Zodia Custody’s Interchange solution, with prime brokerage provided by Hidden Road.

Zodia Custody is backed by Standard Chartered, Northern Trust, and SBI Holdings and offers technology, custody, governance, and compliance to institutional investors. Hidden Road is a prime broker that holds a UK FCA investment firm license alongside an FCA digital asset firm registration. Both help firms operating in the ecosystem to actively show that they are meeting regulatory requirements.

The partnership allows institutional participants to leverage Zodia’s Interchange for the effective safeguarding of digital assets while also reducing counterparty risk exposure. This results in additional layers of risk management and secure custody.

Hidden Road supporting trading across traditional and digital assets

Julian Sawyer, CEO of Zodia Custody, said: “This work with Hidden Road is a crucial milestone towards building the market infrastructure institutions need to enter digital assets at scale while maintaining the rigorous standards of security, regulation and compliance. Partnering with Hidden Road means institutional investors are now able to leverage Interchange alongside the expertise of a like-minded provider offering prime brokerage to gain greater exposure to the many opportunities digital assets present, in a safe and secure way.”

Michael Higgins, Global Head of Business Development at Hidden Road, commented: “Hidden Road remains committed to providing our clients with a range of tools, partners and integrations to support trading across traditional and digital assets. A sound regulatory framework is what institutions need most when it comes to trading digital assets, and bringing together our two FCA-regulated offerings will support the maturation of market structure in digital assets. Hidden Road’s collaboration with Zodia Custody adds value to our credit network, as we share a focus on security, compliance and risk management.”

Gold-i’s Crypto Switch integrated Hidden Road

Last month, Gold-i announced that Crypto Switch, its crypto liquidity aggregation platform, has integrated with global credit network, Hidden Road.

Hidden Road offers prime brokerage services across traditional and digital assets with real-time API functionality. Gold-i’s Crypto Switch is now connected to Hidden Road’s API, which allows the former to provide fast and robust crypto liquidity aggregation and drop copy every trade in real-time for their settlement processes.

Crypto Switch leverages Gold-i’s flagship aggregation, liquidity management, and distribution technology stack to provide a proven institutional solution for consuming and distributing crypto liquidity, integrated with multiple crypto market makers and exchanges.

Besides ensuring tight spreads, deep liquidity, and low latency, Crypto Switch is fully integrated with central settlement and clearing partners, providing fiat and digital asset settlement, regulatory compliance, and institutional custody.

The crypto liquidity aggregation platform offers access to nearly 20 LPs and has recently onboarded Binance, the world’s largest cryptocurrency exchange, in a move that enables Gold-i’s institutional clients to trade Binance’s and product offerings.

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