Hidden Road Raises $50 Million in Series A Led By Castle Island Ventures
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The release states that Hidden Road seeks to address "many of the current issues in credit intermediation and prime brokerage brought on by legacy technology, antiquated processes, and conflicts of interest. The company's platform is "quantitatively driven" and offers "seamless credit across products and asset classes" in addition to real-time risk management. Hidden Road provides prime brokerage, clearing, and financing services for both traditional and digital assets.
Hidden Road Offers Wide Range of Products
Matt Walsh, the general partner at Castle Island Ventures, told
"Hidden Road is offering a range of products that we see as essential for institutions entering the digital assets market. We are excited to be investing behind this great team."
The global credit network, Hidden Road Partners, provides institutional investors easy access to both traditional and online markets. The firm reduces complexity and expense in prime brokerage, clearing, and financing. The platform is conflict-free and uses cutting-edge technology. Castle Island Ventures purportedly launched a $50 million fund in February 2021 with the goal of funding businesses developing stablecoin and decentralization of finance (DeFi) systems. Castle Venture previously launched a $30 million fund for companies creating bitcoin-focused products.