Hidden Road Expands Prime Brokerage Services to Include OTC Options for Digital Assets

Hidden Road's New Offering in OTC Options for Digital Assets

In an important development for the financial sector, Hidden Road has made a significant announcement about expanding its prime brokerage services to include Over-the-Counter (OTC) options in digital assets. This innovative step is aimed at assisting institutional clients to execute OTC options while also enabling them to cross-margin these options with their overall digital asset portfolios. This new service is poised to revolutionize the way digital assets are traded, especially for institutional clients who have previously faced limitations in this area.

A Game Changer for Institutional Clients

Historically, the trading of options involving digital assets has been a challenge due to the bilateral credit requirements and a lack of cross-margining capabilities. Michael Higgins, the International CEO and Global Head of Corporate Development at Hidden Road, highlighted this issue, stating, "That is no longer the case." With the launch of OTC options support, Hidden Road becomes the first and only prime broker capable of supporting cross-margining across all significant digital asset product categories, including spot, swaps, options, forwards, and cleared derivatives. This functionality is expected to bring about substantial operational and capital efficiencies for users.

Industry Collaborations

To effectively roll out this groundbreaking service, Hidden Road is forming partnerships with notable digital asset firms, including QCP and BlockTech. These firms are essential as launch partners, providing liquidity and ensuring institutional access to structured products and derivatives right from the beginning. The involvement of established players in the digital asset market underscores the credibility and significance of Hidden Road's new service.

Darius Sit, Founder and Chief Investment Officer of QCP, expressed enthusiasm about the potential of the new service, stating, "Institutional demand for more sophisticated risk management tools continues to grow, and the ability to cross-margin OTC options is a game-changer." This sentiment reflects a growing trend in the institutional sector towards more advanced financial products that help manage risks better.

Enhanced Client Experience

The launch also allows clients to execute OTC crypto-asset options with Hidden Road, which provides a trusted and reliable counterparty along with the distinct advantage of portfolio margin offsets. Sander van Zelm, Head of Business Development at BlockTech, remarked on the significance of the collaboration, particularly noting BlockTech's leading market position in pricing power and liquidity, which complements Hidden Road's service offerings. Clients can expect a more seamless experience when trading in this currently complex market.

Backed by Ripple

This new service comes shortly after Hidden Road's announcement in April 2025 regarding its acquisition by Ripple, a leading provider of digital asset infrastructure for financial institutions, in a deal valued at $1.25 billion. The backing from Ripple is anticipated to dramatically increase Hidden Road's capacity to service its clientele, positioning it as one of the largest non-bank prime brokers in the world. As this deal reaches its final stages pending regulatory approvals, many in the industry are watching closely to see how this partnership will enhance Hidden Road's offerings.

About Hidden Road

Hidden Road Partners operates as a global credit network for institutions, delivering seamless access to both traditional and digital markets. The organization prides itself on being conflict-free and built on an advanced technology framework, which allows it to simplify processes and reduce costs in prime brokerage, clearing, and financing. For further inquiries about their offerings, interested parties can reach out to their communications team via email.

In conclusion, Hidden Road's launch of OTC options support marks a notable milestone in the evolution of digital asset trading for institutional clients. It represents not only a response to current market demands but also a proactive effort to shape the future of financial services in the digital age.