Hidden Road Partners Celebrates MiCAR License Achievement
Hidden Road Partners Excels with MiCAR License Acquisition
Recent developments highlight the dedication of Hidden Road to establishing a reputation for transparency and regulatory compliance on an international scale. The company's entity in the Netherlands, Hidden Road Partners CIV NL B.V., has proudly received a license from the Dutch Authority for the Financial Markets (AFM) under the new Markets in Crypto Assets Regulation, also known as MiCAR.
This significant achievement places Hidden Road among just four firms with a MiCAR license granted by the AFM, enabling them to provide digital asset services to counterparties throughout all European Economic Area (EEA) countries. This milestone reflects the company's unwavering commitment to regulatory excellence in the rapidly evolving landscape of digital finance.
Expertise and Regulatory Strategy
Hidden Road Partners CIV NL B.V. is already recognized as a Crypto Asset Services Provider by the Dutch National Bank (DNB) under the EU's Anti Money Laundering Directive. The newly secured MiCAR license complements its standing as a registered Crypto Services Provider. Furthermore, HRP CIV NL holds a license as an investment firm under the EU's MiFID legislation, making it uniquely positioned as the only entity with both MiFID and MiCAR licenses actively supervised by the AFM.
Broadening Global Reach
The recent approval is part of Hidden Road's growing portfolio of regulatory approvals and licenses, demonstrating their active presence in multiple regions. Their credentials include being a registered futures commission merchant and swap firm regulated by the CFTC in the United States, and authorization from the UK's Financial Conduct Authority as an investment firm. Additionally, the company has achieved its AMLD5 registration as a crypto asset firm in the UK, further solidifying its regulatory foundation.
Looking to the future, Hidden Road anticipates a significant expansion of its regulatory and product offerings within the United States, Middle East, and Asia. The company’s forward-looking strategy is centered around increasing its footprint in these highly dynamic markets.
Commitment to Clients
Michael Higgins, the International CEO and Global Head of Corporate Development at Hidden Road, emphasized the importance of these licenses, stating, "Our licenses and registrations around the world demonstrate our commitment to serve our counterparties across traditional and digital assets in a transparent, regulated manner. We welcome the new MiCAR license and embrace the clarity it provides our European clients."
About Hidden Road Partners
Hidden Road Partners is recognized as a global credit network for institutions, streamlining access to both traditional and digital markets. By utilizing a modern technology stack, the firm operates without conflicts of interest, minimizing complexity and costs associated with prime brokerage, clearing, and financing solutions.
Getting in Touch
For further inquiries about their services or to discuss potential opportunities with Hidden Road Partners, individuals can contact the firm directly. While specific email addresses have been excluded for privacy, the company encourages interested parties to reach out to their knowledgeable team.
Media Contact Information
For media relations, Jennifer Berlin from Forefront Communications can be reached at +44 (0) 7375 288 641 for further information about Hidden Road Partners, its recent accomplishments, and its commitment to providing top-tier services.
Frequently Asked Questions
What is MiCAR and why is it important?
MiCAR, or the Markets in Crypto Assets Regulation, is a new regulatory framework in the EU that governs the provision of services related to crypto assets. It is essential for ensuring compliance and consumer protection in the rapidly growing digital asset market.
How does Hidden Road's MiCAR license benefit its clients?
The MiCAR license enables Hidden Road to offer digital asset services across EEA countries, allowing clients greater access to regulated services and enhancing transparency.
What other licenses does Hidden Road hold?
In addition to its MiCAR license, Hidden Road is registered as a Crypto Asset Services Provider with the Dutch National Bank and authorized as an investment firm under EU's MiFID legislation.
Where does Hidden Road plan to expand next?
Hidden Road aims to broaden its regulatory and product offerings primarily in the United States, Middle East, and Asia in the near future.
Who can potential clients contact for more information?
Potential clients should reach out to the Hidden Road team for inquiries, as the company offers various channels for communication to handle client needs effectively.
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