Hidden Road, a prominent global credit network catering to institutional clients in the digital asset trading sector, has recently announced a significant expansion of its prime brokerage platform. This expansion includes the incorporation of several major exchanges and the utilization of BlackRock’s BUIDL token as collateral across its network.
The company revealed that it has successfully integrated with renowned exchanges such as Coinbase International Exchange, OKX (including Nitro Spreads), Deribit (including options trading), Bitfinex, Bullish (owned by CoinDesk), AsiaNext, and SIX Digital Exchange. This strategic move aims to enhance the trading capabilities and opportunities for institutions operating in the digital asset space.
With prevailing high-interest rates, institutions engaged in substantial digital asset trades are leveraging the opportunity to earn approximately 5% interest by utilizing BlackRock’s BUIDL token as a virtually risk-free investment. Michael Higgins, the global head of business development at Hidden Road, emphasized the advantages of incorporating the BUIDL token as collateral within their platform.
“Clients can leverage the BUIDL token as collateral on Hidden Road, allowing them to earn interest while engaging in trading activities,” Higgins explained. “By facilitating trades on various exchanges with stablecoins like USDT or USDC, clients can maximize their trading potential while generating passive income through their posted assets.”
Hidden Road’s collaboration with the Chicago Mercantile Exchange (CME) has further expanded the options for clients, enabling them to cross-margin and margin finance digital assets like the BUIDL token on the CME platform. This unique offering sets Hidden Road apart as a pioneering clearing firm that enables customers to utilize digital assets as margin collateral for trading on the CME while earning interest simultaneously.
In addition to the integration with new exchanges, Hidden Road has welcomed prominent liquidity providers including B2C2, IMC, and Laser Digital, along with reputable software vendors like Talos and TT to enhance the overall trading experience for its clients.
Partnership and Innovation in Digital Asset Trading
Hidden Road’s strategic partnerships with leading exchanges and financial institutions signify a commitment to innovation and advancement in the digital asset trading landscape. By offering a comprehensive suite of services, including margin financing, cross-margining, and interest-earning opportunities, Hidden Road is empowering institutional clients to optimize their trading strategies and maximize returns.
The acceptance of BlackRock’s BUIDL token as collateral not only diversifies the asset options for clients but also provides a secure and lucrative investment avenue in the current market environment. This collaboration underscores Hidden Road’s dedication to providing cutting-edge solutions that meet the evolving needs of institutional traders in the digital asset space.
As the digital asset market continues to evolve rapidly, Hidden Road’s expansion and integration with key industry players position the platform as a frontrunner in prime brokerage services for institutions worldwide. The seamless access to multiple exchanges, coupled with innovative collateral options, solidifies Hidden Road’s reputation as a trusted partner for institutions navigating the complexities of digital asset trading.