The move makes the firm the first prime broker to support cross-margining across the full suite of digital asset product types, with QCP and BlockTech supporting the offering as launch partners.
US-based clients will be able to execute cash-settled OTC swaps across numerous digital assets.
The approval builds on Hidden Road’s recent expansion of its fixed income prime brokerage platform and follows the firm’s acquisition by Ripple announced earlier this month.
Trading Technologies is the first independent platform Hidden Road has made available to clients for cleared derivatives.
Hidden Road’s clients will now have access to Crossover’s CROSSx, which is designed to decrease trading costs, improve execution quality and enhance market data capabilities.