#Netherlands #Digital Assets #Amsterdam #MiCAR License #Hidden Road

Hidden Road Partners Receives MiCAR License

In a significant development for the digital asset landscape in Europe, Hidden Road Partners CIV NL B.V. has successfully secured a license from the Dutch Authority for the Financial Markets (AFM) under the Markets in Crypto Assets Regulation (MiCAR). This achievement places Hidden Road amongst a select group, as it is now one of only four firms holding a MiCAR license issued by the AFM, enabling it to offer its digital asset services to counterparties throughout the EEA (European Economic Area).

Expanding Regulatory Approval

This new MiCAR license is a substantial addition to Hidden Road's existing regulatory framework. The company is already registered with the Dutch National Bank (DNB) as a Crypto Asset Services Provider in compliance with the EU's Anti Money Laundering Directive. Furthermore, Hidden Road Partners CIV NL B.V. holds a MiFID investment firm license from the AFM, making it a unique player in the market by possessing both MiFID and MiCAR licenses under the purview of the AFM.

The recent approvals signify Hidden Road's expanding regulatory footprint and commitment to compliance and transparency. The firm has also made strides in obtaining licenses outside of the Netherlands, including registration as a futures commission merchant/swap firm under CFTC regulation in the United States and authorization as an investment firm by the UK's Financial Conduct Authority. Additionally, it achieved its AMLD5 registration as a crypto asset firm in the UK, showcasing a broad spectrum of licenses that enhance its operational capabilities.

Strategic Growth and Commitment to Clients

Michael Higgins, International CEO and Global Head of Corporate Development for Hidden Road, emphasized the importance of these licenses in providing reliable services to clients. Higgins stated, "Our licenses and registrations around the world demonstrate our commitment to serve our counterparties across traditional and digital assets in a transparent, regulated manner. We welcome the new MiCAR license and embrace the clarity it provides to our European clients."

In the coming months, Hidden Road intends to continue its expansion by significantly growing its regulatory and product offerings not only within Europe but also across the US, Middle East, and Asia. This strategic growth aims to meet the increasing demand for seamless access to both traditional and digital markets, thus fostering stronger relationships with its counterparties worldwide.

About Hidden Road

Hidden Road Partners stands as a global credit network for institutions, facilitating effortless access to multiple market types. Built on an advanced technological infrastructure, Hidden Road aims to simplify and reduce costs associated with prime brokerage, clearing, and financing.

As digital assets become an integral part of financial ecosystems, Hidden Road's proactive approach to licensing and compliance positions it favorably as a leader in both traditional finance and the emerging digital asset marketplace.

For further inquiries regarding their services or partnerships, interested parties can reach out via email to their contact at [email protected].

Conclusion

The granting of the MiCAR license to Hidden Road Partners CIV NL B.V. marks a pivotal moment in enhancing the company's service offerings in the European market for digital assets. As regulations continue to evolve, firms like Hidden Road are aligning their operations to ensure they meet the demands of a transparent and compliant financial environment.