Hidden Road has launched support for over-the-counter (OTC) options on digital assets, adding a significant capability to its growing suite of institutional prime brokerage services.
The new feature allows clients to execute OTC options while also enabling cross-margining with other digital asset products.
To facilitate the launch, Hidden Road has teamed up with digital asset firms QCP and BlockTech, which will provide liquidity and help institutional clients access structured and derivatives products from the outset.
Hidden Road international CEO and global head of corporate development Michael Higgins said, “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.
“Hidden Road is the first and only prime broker to support cross-margining across all major digital asset product types, including spot, swaps, options, forwards, and cleared derivatives – driving meaningful operational and capital efficiencies.”
QCP founder and CIO Darius Sit said, “Institutional demand for more sophisticated risk management tools continues to grow, and the ability to cross-margin OTC options is a game-changer. We’re excited to work with infrastructure providers like Hidden Road who share our vision of building scalable, institutional-grade architecture for digital asset derivatives.”
This milestone follows Hidden Road’s agreement in April 2025 to be acquired by Ripple in a $1.25bn deal. Ripple, a major player in digital asset infrastructure for financial institutions, is expected to provide substantial financial backing to scale Hidden Road’s services
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