TechFlow news — Hidden Road Partners, an institutional credit network, has announced the completion of a $50 million Series A funding round. The round was led by Castle Island Ventures, with participation from FTX Ventures, Citadel Securities, Uncorrelated Ventures, Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures, and Corner Capital.
Hidden Road Partners aims to facilitate Wall Street's entry into cryptocurrency trading by addressing counterparty risk and conflicts of interest. For banks or other institutions unable to directly hold digital assets, the company enables them to deposit USD as collateral in a tri-party arrangement with custodians, and to receive profits and losses in USD. Clients can trade with execution venues and liquidity providers including Virtu Financial Inc., Optiver BV, and Wintermute Trading Ltd.Original link
