Hidden Road Engages in Takeover Talks with Crypto Company

Hidden Road, a prime broker for crypto and traditional assets, is in discussions regarding a potential acquisition by a crypto-native company. No deal is guaranteed.

Hidden Road has raised approximately $50 million in the past year, with investors including Dragonfly Capital.
A crypto native firm has approached Hidden Road for acquisition.
Prime brokers like Hidden Road offer trading, financing, and custody services to large institutions.
In July 2022, Hidden Road completed a Series A funding round, led by Castle Island Ventures.
The company is exploring options that could value it at over $1 billion.