Hidden Road has expanded its prime brokerage product suite with the launch of support for OTC options on digital assets.
Michael Higgins
The brokerage has said that the launch follows growing industry demand for increased sophistication in risk management tools, and through the offering, institutional clients will be able to execute, and cross-margin OTC options integrated with the rest of their digital asset portfolio.
The move also makes the firm the first prime broker to support cross-margining across the full suite of digital asset product types, such as spot, swaps, options, forwards and cleared derivatives.
Additionally, digital assets firms QCP and BlockTech will also act as launch partners for the new offering, and are set to provide support by opening up liquidity and institutional access for structured and derivatives products.
Michael Higgins, international chief executive and global head of corporate development at Hidden Road. “Historically, options trading in digital assets has been limited, given the bilateral credit involved and lack of cross-margining capabilities. That is no longer the case.”
The expansion also builds upon Hidden Road’s recent launch of digital asset swap capabilities for the US in May 2025, designed to provide clients with greater access to a wider range of products and solutions. Alongside the launch, the brokerage announced its plans to develop cross-margining services.
“Clients can now execute OTC crypto-asset options with Hidden Road, gaining access to a trusted and creditworthy counterparty alongside the benefits of portfolio margin offsets,” said Sander van Zelm, head of business development at BlockTech.
Earlier this year in April, Hidden Road confirmed that it was set to be acquired by Ripple in a $1.25 billion deal, which is expected to “exponentially’ expand the firm’s capacity, and make it one of the largest non-bank prime brokers globally.
The deal is expected to close later in 2025, subject to regulatory approvals.